• 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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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.

Chapter | Construction & Real Estate from The Report: Papua New Guinea 2017

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 project, and contractors have since struggled to regain the momentum seen earlier in the decade. The sector rebounded in 2015 and 2016,...

After a number of challenging years, PNG is starting to hit its equilibrium point again. It has largely passed through the period of difficult adjustments, and now some balance has returned. A number of long-planned projects are progressing and new areas of opportunity are being explored.

Efforts to ramp up infrastructure development in Ghana received a boost in June and July with news that China will channel $19bn of financial support into the country’s project pipeline.

 

How do you assess the current disparity between the high-, medium- and low-end residential markets in terms of demand and pricing?