National Government First Home Ownership Scheme (FHOS)

BSP explains first home ownership scheme

The interest in the home ownership and for affordable home loan products has been relatively high since the introduction of BSP and Government of PNG’s (GoPNG) First Home Owners Scheme in 2014.

The majority of loans funded are mostly in Port Moresby, largely due to size of market and increased interest from housing developers. However, interests from potential home buyers also remain high across PNG, from young professionals to long-serving employees in both the public and private sectors.