The residential real estate sector has soared in recent years, as the government wrapped up construction on the $19bn PNG liquefied natural gas (LNG) project in Port Moresby. With rents and home prices showing a sharp increase, there is a growing concern that home ownership remains out of reach for the average citizen. If the strong GDP growth projections for 2015 are...
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Articles & Analysis | PNG real estate prices rise with rapid urbanisation from The Report: Papua New Guinea 2015
Interviews & Viewpoints | Marcelo Minc, Country Director, Asian Development Bank’s (ADB) Papua New Guinea Resident Mission: Interview from The Report: Papua New Guinea 2015
What role should development partners play in the context of the Papua New Guinea economy?
Articles & Analysis | Government projects promote construction sector growth in PNG from The Report: Papua New Guinea 2015
Although Papua New Guinea’s construction sector contracted in 2014 after a four-year boom from the massive PNG liquefied natural gas (LNG) project, industry growth is expected to pick up again in 2015. New petroleum revenues are set to support the government’s sizeable infrastructure investment programme, which will see major improvements to roads, ports and airports,...
Articles & Analysis | PNG gets to work building affordable housing from The Report: Papua New Guinea 2015
First-time and low-income homebuyers in Papua New Guinea face significant obstacles to property market entrance. A five-year construction boom due to the recently completed PNG liquefied natural gas (LNG) project placed upward pressure on inflation, rents and property prices, while the nation remains one of the poorest in the Pacific, putting homeownership out of reach...
Chapter | Construction & Real Estate from The Report: Papua New Guinea 2015
Although Papua New Guinea’s construction sector contracted in 2014 after a four-year boom from the massive PNG liquefied natural gas project, industry growth is expected to pick up again in 2015. New petroleum revenues are set to support the government’s sizeable infrastructure investment programme, which is seeing major improvements to roads, ports and airports in preparation for the 2015...
Articles & Analysis | Gabon overcomes challenges to investing in construction from The Report: Gabon 2015
While the construction sector in Gabon has seen a slowdown compared to the boom in the years prior to co-hosting the 2012 Africa Cup of Nations (Coupe d’Afrique des Nations, CAN), construction remains central to the state’s economic development plans. As part of an overarching goal to diversify the economy through the Emerging Gabon strategy,...