Phase two of the Edai Town development is currently underway for the development of more than 100 new homes.
The project outside of Port Moresby has already seen 120 units from the first phase of 161 homes purchased.
The high demand has pushed for more homes to be built.
Edai Town currently has a residential population of 600 people.
But with the high demand for more homes in the growing township, population could grow to 10,000 people within a few years’ time.
Kym Yong, a director of Edai Town Development, said after the success of the first phase homes and with growing requests from potential home buyers, they have begun ‘Phase 2A’ for an additional 141 homes.
“A lot of our buyers are first home owners so they go to the special product at BSP with the Government’s First Home Buyers Scheme, which is 4 percent interest and 90 percent loan between K200,000 ad K400,000.”
She added they have also taken into consideration the proposed Papua LNG and the likely impact within the Boera Village area and the township.
The opening of the e-Village Market is the first business investment which they believe will attract more investors into the area to set up shop.
“Residence has to be the first one then we have the commercial area.
“Then we will have a lodge for transiting people at the plant site. We will also have a hotel, that’s something we are also looking forward to in future.
“Our next priority is a school and a police station,” said Yong.
The Edai Town development is a joint venture partnership with Boera Holdings Limited, a company which represents landowners and the village.
They believe the development is strategically positioned for the future.
“The existing catchment neighbourhood includes some 10,000 PNG LNG project impacted villagers with higher affordability than other traditional villages, so Edai Town is well placed to provide quality goods and services to a ready market.
“The imminent construction activities on the Papua LNG liquefaction plant will create additional demand,” Maina said.
The township is seen as a model and one which can be trialled in other parts of the country.