Thursday, December 31, 2009

PNG LNG Project

I just want to share my thoughts on the current situation regarding the multi-billion kina LNG project currently making headlines here and abroad.

With this new project pumping in millions if not billions of kina into our economy, I wonder where we will end up. Will we, the grass-roots and common people on the streets, see any evidence of this money in the form of better service delivery of infrastructure such as more hospitals & clinics, access to clean water, better road systems, improved law & order? All these questions beg an answer.
If our government's past actions are anything to judge by, I doubt that we will see any of this money filter down to the rural village people. PNG had its fair share of mining companies come in before, yet we did not see any improvements in our living standards! OK Tedi Mining, Bougainville Copper Ltd, Porgera Joint Venture, Lihir Gold Ltd to name just a few... what happened to the millions they paid to the PNG government as tax?I hope that I am proved wrong and that every single PNGean will benefit from this major project.
It takes a Leader to make the right decisions that will benefit all the people and not just himself and his cronies. In his last term as the Prime Minister of this country, will Michael Somare do the right thing by the very people who gave him the mandate to govern this country?.. or will the gap between the rich and poorer widen? Only time will tell...

Wednesday, December 30, 2009

On another note...

If anyone has a property or knows of any property that is on the market for rental at K1000 - K1200 per month, please let me know as I am on the lookout for a place to rent.

Thanks much...

Rental Properties in POM city

I have been out of blog-action in the last couple of months. I had to leave my old job and have since relocated back to POM City and am now with a new firm.

Since moving to Port Moresby, it has been a daily struggle to find decent accomodation at a reasonable rate. The prices of rental properties in Port Moresby have increased by 100 - 300% at the most! It is next to impossible to find a decent 2-3 bedroom flat/house with a price range of K1000 - K1500 per month.
Real Estate agents here are making a big killing from the commission's that they get from sales and rentals... most have rental listings for properties starting at K500 per week which equates to K2000 per month. And that is for a single bed-sitter or a 1 bedroom flat in Gerehu stage 3 or Tokara or someplace like that. When the location is Boroko, Gordons, Town or Hohola, the prices are inflated to K1000 - K2000 per week for the same type of dwelling.
The property market here is unregulated and is at the mercy of the property owner's as well as the real estate agents...

I am seriously thinking about starting a blog site for home owner's in Port Moresby to advertise their properties if they are thinking of renting/selling. It would all be free and would be listed until it is taken. At the same time, other's who are looking for properties to rent/buy can also put up notices to that effect. This whole process would eliminate the middle-man, cuts down on commission and reduces the rental/sale price so it is affordable to both parties. Any thoughts in support of or against this idea would be most welcome.