• Construction

    OBG’s Construction sector analysis highlights investment opportunities in the infrastructure, residential, commercial and industrial segments. Government policies are reviewed along with labour, materials and land costs, trends in bank lending and the public tendering process.
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A projected housing shortage in Myanmar is driving the construction of affordable units in Yangon, with the government looking to assist development through new partnerships, project funding, legislative change and mortgage market support.

 

Although it recorded double-digit expansion during the boom years of 2010 to 2013, Papua New Guinea’s construction industry faces a challenging operating environment in 2017. Growth contracted in 2014 following the completion of a major liquefied natural gas (LNG) project, and contractors have since struggled to regain the momentum of earlier...

 

Will real estate prices in Papua New Guinea level out in the short to medium term?

 

The business climate for real estate stakeholders in Papua New Guinea deteriorated in 2017, with rental rates at upmarket residential properties in the capital, Port Moresby, falling by as much as 50% since 2016. A macroeconomic slowdown and lower numbers of expatriate employees living in the country will weigh on growth in 2017, with agencies...

 

Hotel supply has risen dramatically in Papua New Guinea’s capital city, Port Moresby, over the last decade, as construction of the PNG LNG project saw thousands of expatriates and business travellers flock to the city, straining limited supply of high-end rooms. With nearly 3000 new hotel rooms expected prior to the 2018 APEC summit, the city...

 

With demand for high-end residential rentals declining significantly over the past year, the affordable housing segment is a bright spot in Papua New Guinea’s real estate sector and holds high potential for development, particularly in Port Moresby.