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In terms of residential real estate prices in Papua New Guinea, the price range currently stands between K800,000 and K3,500,000, encompassing a total of 170 properties. The median property price in this market segment is approximately K1,500,000. If we look at the types and characteristics of properties that are most popular, they are predominantly houses, apartments, block of units, and vacant lands. It is observed that these properties are in close proximity to schools, shops, transportation options, and are also generally fully fenced. Most of these homes tend to have around 3 to 4 bedrooms, with the three-bedroom configuration being the most commonly sought after in Papua New Guinea. On the amenities side, these properties frequently offer 1 to 2 bathrooms and provide an average of 2 parking spots each. As for property orientation, the majority of homes in this region favour a south-west exposure, however, north-east and south-east facing properties are also available. In terms of property size, residential assets in Papua New Guinea generally have an average floor area of about 111 square meters. The smallest properties start from approximately 100 square meters, increasing up to a sizable 216 square meters at the upper range. Please note that the most recent property listing was uploaded as recently as 1 day and 21 hours ago. Furthermore, several different agencies are operating in this area, among which DAC Real Estate Head Office and Professionals Real Estate are the most prominent. These details provide a comprehensive understanding of the real estate market scenario in Papua New Guinea, particularly in the residential segment, offering insights that are essential for potential investors and homebuyers.
