Destination - Port Moresby
Papua New Guinea's capital Port Moresby is the fastest developing city in the Pacific. The city has about half a million (500, 000) population and it is increasing. The government has invested in the development of the city to host some of the global events like, Pacific Games, Rugby League World Cup, FIFA U20 World Cup, and lately the APEC.
Recently investors from China, Malaysia, Philippines and Singapore have entered the real estate industry and transforming the city.
Recently a constructions of six new buildings in Port Moresby are game changers, adding new character, vitality and landscape to the city.
In 5-mile next to the Jack Pidik Park,, the K200 million Chinatown has begun its construction and when completed, it will feature shopping mall, restaurants, cinemas, offices and apartments.
The commercial and residential project, Range View Precinct, is being constructed opposite the Vision City Mega Mall at the cost of K296 million. It is jointly owned by the National Capital District Commission, Lamana Development Limited and country’s superannuation giant Nambawan Super.
It is providing 500 jobs at the construction phase and 150 permanent jobs after its completion in December 2020.
During the launch of the project last year, Nambawan Super Chairman Anthony Smare said: “The investment highlighted what can be achieved when public landowners such as NCDC work with the Nation’s largest investor Nambawan Super to drive development.
“I congratulate Governor Powes Parkop on his leadership and vision in embracing this opportunity to partner with Nambawan Super in this development. This public private partnership will benefit the residents of the city through long term recurring revenue for NCDC to support its services and provides another major retail and commercial hub for residents to shop at. It will also generate long-term return for Nambawan’s members.”
Along the Independence Drive, 8-storey Office Building and Commercial Development has also commenced, West New Britain Haus is taking shape and the multi-million Kina worth National and Supreme Court Complex is nearing completion.
Along the Sir John Guise Drive opposite the Japanese Embassy, a twin tower office building is being built.
The Mega Mall also plans to develop two more phases of the Vision City Development with office and residential apartments all interlinked to the mall.
United Nations Organisation is also planning to build its permanent Office along the Sir John Guise Drive.
These investments are speaking volumes that the city is safe and next frontier for business and tourism which has been enabled by stable leadership in the city under Governor Powes Parkop.
These investments at a tune of over a billion Kina will provide more opportunities for business and retailers, income earning opportunities and jobs for the residents in the city.
Welcoming the investments, Governor Parkop said he envisaged that the city should become the regional hub for tourism, business and investment, these developments are part of this journey.
Statement
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Papua New Guinea's capital Port Moresby is the fastest developing city in the Pacific. The city has about half a million (500, 000) population and it is increasing. The government has invested in the development of the city to host some of the global events like, Pacific Games, Rugby League World Cup, FIFA U20 World Cup, and lately the APEC.
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| Downtown Port Moresby . Drone View |
Recently investors from China, Malaysia, Philippines and Singapore have entered the real estate industry and transforming the city.
Recently a constructions of six new buildings in Port Moresby are game changers, adding new character, vitality and landscape to the city.
In 5-mile next to the Jack Pidik Park,, the K200 million Chinatown has begun its construction and when completed, it will feature shopping mall, restaurants, cinemas, offices and apartments.
The commercial and residential project, Range View Precinct, is being constructed opposite the Vision City Mega Mall at the cost of K296 million. It is jointly owned by the National Capital District Commission, Lamana Development Limited and country’s superannuation giant Nambawan Super.
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| Port Moresby City before the APEC |
It is providing 500 jobs at the construction phase and 150 permanent jobs after its completion in December 2020.
During the launch of the project last year, Nambawan Super Chairman Anthony Smare said: “The investment highlighted what can be achieved when public landowners such as NCDC work with the Nation’s largest investor Nambawan Super to drive development.
“I congratulate Governor Powes Parkop on his leadership and vision in embracing this opportunity to partner with Nambawan Super in this development. This public private partnership will benefit the residents of the city through long term recurring revenue for NCDC to support its services and provides another major retail and commercial hub for residents to shop at. It will also generate long-term return for Nambawan’s members.”
Along the Independence Drive, 8-storey Office Building and Commercial Development has also commenced, West New Britain Haus is taking shape and the multi-million Kina worth National and Supreme Court Complex is nearing completion.
Along the Sir John Guise Drive opposite the Japanese Embassy, a twin tower office building is being built.
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| The Changing face of Downtown Port Moresby |
United Nations Organisation is also planning to build its permanent Office along the Sir John Guise Drive.
These investments are speaking volumes that the city is safe and next frontier for business and tourism which has been enabled by stable leadership in the city under Governor Powes Parkop.
These investments at a tune of over a billion Kina will provide more opportunities for business and retailers, income earning opportunities and jobs for the residents in the city.
Welcoming the investments, Governor Parkop said he envisaged that the city should become the regional hub for tourism, business and investment, these developments are part of this journey.
Statement
Next :