Top places : Papua New Guinea
Papua New Guinea (PNG) is arguably most famous for the Kokoda Trail, which links the southern and northern coasts of Papua New Guinea and was prominent during the Pacific War of 1943.
The largest of the Pacific Island nations, PNG occupies the eastern half of New Guinea and hundreds of nearby islands. A mountainous and forested terrain has led to astonishing cultural and linguistic diversity, although it hampered development.
As much as 97% of the land area is held under customary tenure, with ownership rights vested in an extended family group. Very little land is registered and ownership is mainly governed by traditional law. The remaining three per cent is owned by the government. The vast majority of the PNG’s population is engaged in agriculture, which accounts for approximately one third of the country’s GDP. Exports, however, are dominated by minerals, primarily copper and gold. A massive multibillion liquefied natural gas plant, meanwhile, is expected to transform PNG’s economy and society over the next several decades. Rapid expansion in PNG’s property market is set to be further heated by new foreign investments. Real Estate in Port Moresby and Lae, the two major cities of PNG, has grown extensively in recent years to offer a diverse range of options for property buyers, with family homes, duplexes, townhouses, terraces, apartments and stilt house all available in different areas across the country.
- Address: P.O. Box 473 Port Moresby, NCD Papua New Guinea
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