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The current residential property market in Papua New Guinea offers a diverse range of 315 options for consideration. These properties are available to rent at various price points, ranging from K1,520,000 to K5,800,000. On average, potential tenants can expect the median property price to be around K2,500,000. In terms of the types of residential properties available, the market predominantly consists of apartments, houses, block of units, and serviced apartments. The much sought-after features in these properties include complete furnishings, air conditioning, full fencing, and convenience to shops. In terms of the architectural layout, the average property comprises between 2 to 3 bedrooms, making those with 3 bedrooms the most common in the Papua New Guinea market. Alongside, most properties offer a range of 1-2 bathrooms and have an average allocation of 2 parking spaces per property. As for the placement of the property, the data highlights that most properties are south-facing, with west and north-east-facing properties also available. Taking into consideration the floor area, residential properties in Papua New Guinea typically average around 102 square meters. However, this can extend from as low as 44 square meters to as high as 198 square meters. With the real estate market in constant flux, the most recent property listing was made available just 3 days and 1 hour ago. Various agencies represent these properties with Hausples Support and DAC Real Estate Head Office being amongst the most prominent.
