PNG National Research Institute

Report reveals high rental rates in Port Moresby

This was revealed in findings of a report released this week by the Papua New Guinea National Research Institute (PNG NRI).

The report is titled: “Potential Gains from the Development of a Viable Residential Property Market in PNG” (NRI Spotlight article Volume 9, Issue 6).

This Spotlight contributes to the debate on property development and a sustainable housing policy in PNG.

It focuses on one of the findings of the recent article by Associate Professor Eugene Ezebilo (2016) concerning residential property prices in Port Moresby.

NRI to create new Knowledge Hub

The hub will bring together a community of organisations, leaders, researchers, consultants, academics, government and private sector people.

The Knowledge Hub will be focused in generating, processing, storing, transferring and applying knowledge. In a presentation today, NRI Director Dr Charles Yala said the only way to effectively confront the development challenges faced by PNG will be to bring stakeholders together.

He said stakeholders working together will be more productive than stakeholders working in isolation.