The business climate for real estate stakeholders in Papua New Guinea deteriorated in 2017, with rental rates at upmarket residential properties in the capital, Port Moresby, falling by as much as 50% since 2016. A macroeconomic slowdown and lower numbers of expatriate employees living in the country will weigh on growth in 2017, with agencies...
With demand for high-end residential rentals declining significantly over the past year, the affordable housing segment is a bright spot in Papua New Guinea’s real estate sector and holds high potential for development, particularly in Port Moresby.
Challenging, disparate geography and low population density have created a unique set of challenges for Papua New Guinea’s transport industry. Costs are high across all three major modes of transport, and a lack of connectivity presents a serious challenge to doing business outside of Port Moresby. The country’s recent construction boom in the...
Hotel supply has risen dramatically in Papua New Guinea’s capital city, Port Moresby, over the last decade, as construction of the PNG LNG project saw thousands of expatriates and business travellers flock to the city, straining limited supply of high-end rooms. With nearly 3000 new hotel rooms expected prior to the 2018 APEC summit, the city...
What is your assessment of Papua New Guinea’s airport infrastructure in the run-up to hosting the APEC conference in 2018?
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