An increase in new developments and land sales has helped Dubai’s property market post a strong rise in transactions and turnover in the first half of 2017, suggesting last year’s slide may have bottomed out as developments accelerate ahead of Expo 2020.
Articles & Analysis | Public spending cuts in PNG make private participation crucial 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 (LNG) project, and contractors have since struggled to regain the momentum of earlier...
Interviews & Viewpoints | Jason Yip, Managing Director, DAC Real Estate: Interview from The Report: Papua New Guinea 2017
Will real estate prices in Papua New Guinea level out in the short to medium term?
Articles & Analysis | Rental prices fall as supply exceeds demand in PNG from The Report: Papua New Guinea 2017
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...
Articles & Analysis | Property ownership a high priority for many PNG citizens from The Report: Papua New Guinea 2017
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.
Articles & Analysis | Hotel capacity in PNG's capital rises ahead of the 2018 APEC summit from The Report: Papua New Guinea 2017
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...