Papua New Guinea’s first ever real estate show -The 2017 PNG Real Estate Show – organized by Hausples.com.pg, welcomed an influx of over 3000 local and international visitors on the 3rd and 4th of November- hosted at the Sir John Guise Indoor Complex. Over 30 businesses in the real estate industry showcased their services to property renters, buyers and potential investors over the two days.
The aim of Hausples.com.pg in organizing The 2017 PNG Real Estate Show, was to bring as many stakeholders of Papua New Guinea’s real estate industry together into one easily accessible forum. The company further aimed to provide an opportunity for the general public to learn about the real estate market as a whole in Papua New Guinea and any current and prospective changes taking place.
The event included a wide range of exhibitors from the real estate industry; from real estate agents such as Century 21 Siule Real Estate, The Professionals and Strickland Real Estate, financial institutions such as Bank of South Pacific (BSP), and superannuation companies including Nambawan Super Limited, and National Superannuation Fund (NASFUND).
In addition, PNG Forest Products, Rhodes Builders,Inc and the China Railway Group Limited, showcased a variety of different housing models which could be adopted by home buyers when looking at the construction phase of their new home. Home furnishing businesses; Brian Bell Group and FairPrice Furniture also exhibited their in-house furniture options; ranging from sofas to white ware -and other furnishing necessities.
Guest speakers from across the industry delivered speeches over the two days, including topics such as; ‘Legal implications of apartment development and strata titles’, delivered by Mr John Leahy of Leahy Lewin Lowing Sullivan Lawyers, ‘Private sector perspective of addressing affordable housing’, by Kym Young, Director of Edai Town, and Ms. Linda Garo of Transpacific Assurance Limited, addressed common questions surrounding home insurance.
Mr Tom Snelling, General Manager of Hausples.com.pg, believed these speeches at the show were important: “Education surrounding the property market is sorely lacking in Papua New Guinea and we believe including speakers about relevant topics in the real estate industry was a major draw card. Attendees gave positive feedback on speakers and we have some excellent suggestions for speakers for the next show.”
Mr Snelling, reflecting on the show a whole believes the show was considered a success by attendees: “We’ve actually surveyed attendees and over 1,000 have taken the time to respond,” Mr. Snelling continued: “93% of respondents said that they enjoyed, and received value from the show. Moreover, 85% said they wanted to see more exhibitors at the 2018 Show.” Over 60% of attendees enquired about the purchasing property at the show- with a majority of those expressing an interest to purchase property in the immediate future, according to Mr Snelling.
This sentiment was also confirmed by feedback from exhibitors: “We are proud to report that over 90% of exhibitors said that the show delivered on their expectations, whether it be generating leads or awareness of their product.” Mr Snelling stated.
Mr Snelling has confirmed the return of the PNG Real Estate Show in 2018: “The show will be back- bigger and better than ever in 2018”. He explained that the date will likely be around mid-year 2018, and arrangements have already taken place to ensure 30% additional space will be available at the venue – for further exhibitors to take part in the show.
Official Media Partners for the event were Bank South Pacific;Trans Pacific Assurance Limited; The National; Pascoe Group: Marketing & Brand Specialists Click TV PNG; Guys Official; Advantage PNG Audio & Photography; Skerah Papua New Guinea; LightSpeed Internet.