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.
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Articles & Analysis | Property ownership a high priority for many PNG citizens from The Report: Papua New Guinea 2017
Chapter | Construction & Real Estate from The Report: Papua New Guinea 2017
Although it recorded double-digit expansion during the boom years of 2010 to 2013, Papua New Guinea’s construction industry faces a challenging operating environment in 2017. Growth contracted in 2014 following the completion of a major liquefied natural gas project, and contractors have since struggled to regain the momentum seen earlier in the decade. The sector rebounded in 2015 and 2016,...
After a number of challenging years, PNG is starting to hit its equilibrium point again. It has largely passed through the period of difficult adjustments, and now some balance has returned. A number of long-planned projects are progressing and new areas of opportunity are being explored.
Efforts to ramp up infrastructure development in Ghana received a boost in June and July with news that China will channel $19bn of financial support into the country’s project pipeline.
Interviews & Viewpoints | Naporn Sunthornchitcharoen, President, Land & Houses: Interview from The Report: Thailand 2017
How do you assess the current disparity between the high-, medium- and low-end residential markets in terms of demand and pricing?
Articles & Analysis | Investment keeps Thailand's construction project pipeline well stocked from The Report: Thailand 2017
An important engine of growth for Thailand, the construction sector is acting as a hedge as many other sectors face challenges in the form of global economic weakness and tepid consumer demand. Together with tourism and, to an extent, finance, construction is keeping the slowdown from becoming too severe. This is a significant change from...