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The current residential property market in Papua New Guinea incorporates 311 properties available for rent, with prices ranging from K1,520,000 to K5,800,000. The median property price is pegged at K2,500,000, offering potential investors a spectrum of options to consider. The inventory encompasses an array of property types, primarily including apartments, houses, block units, and serviced apartments. These are characterized by quintessential features such as being fully furnished, equipped with air conditioning, surrounded by complete fencing and proximity to shopping centres. The assessed properties typically comprise 2 to 3 bedrooms, with 3-bedroom units being the most prevalent. Furthermore, most properties host a range of 1 to 2 bathrooms, paired with median of 2 parking spaces facilitating convenience for potential residents. Our data highlights a major proportion of these properties have a southern orientation, supplemented by west and north-east facing alternatives. The surveyed residential properties in Papua New Guinea boast an average floor area of 102 square meters, with the smallest unit covering 44 square meters and the largest one spanning 198 square meters. The most recent property listing was uploaded just 5 days and 4 hours prior to this publication. Notably, Hausples Support and DAC Real Estate Head Office are the leading agencies in charge of these property sales. This extensive data provides substantial insights into the diverse and dynamic residential property landscape in Papua New Guinea, beneficial for interested buyers, renters and investors alike.
