All Topics / General Property / Investing In Papua New Guinea

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  • Profile photo of Kanawii73Kanawii73
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    @kanawii73
    Join Date: 2004
    Post Count: 2
    January 1, 2006 - 2:29 am

    Dear Steve

    I was wondering would you consider investing in Papua New Guinea?

    Kanawii73

    Profile photo of Paul DobsonPaul Dobson
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    @pauldobson
    Join Date: 2003
    Post Count: 1,196
    January 1, 2006 - 6:02 am

    Short answer – ABSOLUTELY NOT!

    This short joke gives you an idea of the place. Q. – What did PNG use before kerosene lamps. A. – Electricity

    Cheers, Paul

    Paul Dobson | Vendor Finance Institute
    http://www.vendorfinanceinstitute.com.au
    Email Me | Phone Me

    An alternative way to finance your home.

    Profile photo of bardon_2bardon_2
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    @bardon_2
    Join Date: 2004
    Post Count: 74
    January 1, 2006 - 7:40 am

    I looked at in very generally but didn’t go ahead as the finance was pretty ordinary from memory. Things have actually deteriorated up there in recent years but I am still monitoring Port Morseby and trying to pick the bottom. If you could get decent finance commercial property in POM leased to mineral or energy company might be worth looking into. There are some big projects coming to PNG and they might help the general standard of living up there but most expats that work up there don’t rate it high. Might be a buyers market now who knows.

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