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This comprehensive analysis offers detailed insights into the residential real estate landscape in Papua New Guinea. Currently, the portfolio consists of 316 rental properties, featuring a diverse price range from K1,520,000 to K5,800,000, with the median price standing at K2,500,000. Covering nine different types of properties, the market is predominantly occupied by apartments, houses, and block of units, along with serviced apartments. The standout features comprise fully furnished interiors, air conditioning, thorough fencing, and proximity to shopping centers. Regarding the layouts, properties essentially vary from 2 to 3-bedroom residences, with the latter being more prevalent. A typical property typically includes 1 to 2 bathrooms, and on average, offers 2 parking spaces. The orientation of the majority of properties is towards the south, while the remaining face the directions of west and northeast. The properties available provide an average floor area of 100 square meters, however, the size fluctuates between 44 and 199 square meters, catering to multiple lifestyle needs. The most recent property listing was made 2 days and 18 hours ago, showcasing the dynamism and active nature of the market. The properties listed are managed by various regulatory firms, among which Hausples Support and DAC Real Estate Head Office are the leading agencies.
