In a one-of-a-kind deal, two of Papua New Guinea’s most trusted real estate companies — a developer and a builder — have joined forces to provide affordable housing. Their joint project will feature more than 140 lots of land located in Bomana, on the outskirts of Port Moresby.
The Glory Group of Companies (GGC) is currently celebrating over 14 years in business, specializing in medium to high-end housing developments, which they continue to do. As owners of vast plots of land, pairing with the country’s leading steel supplier and kit home builder, Atlas Steel, to offer affordable housing seemed like a great opportunity.
“We have a considerable number of fully serviced (power, water, sewerage provisions) lots at Bomana available for sale and we had received solid interest from dozens of Papua New Guineans wanting to purchase it,” said Glory Group’s Director, Lee.
“The partnership with Atlas Steel addresses this growing demand for more economical homes with fully-serviced land,” he continued. “While Glory Group manufactures high-quality homes for clients, our market feedback indicated a growing demand for lower entry pricing. This is where Atlas Steel comes in with their modular homes which are within our clients’ budgets in relation to their loan eligibility.”