The real estate business is booming in the squatter settlements.
ย
This is a growing business in the nationโs capital. Many in the working class have resorted to renting such properties.
ย
Rental rooms are as low as K100.00 fortnightly, and 3 bed room semi-permanent houses going for at least five hundred kina fortnightly, attracting the working class.
ย
The Lands Board Chairman Sam Wange condemned the practice of settlers building houses and renting them out, and said it is an illegal business.
ย
Mr. Wange said settlements on state land should not engage themselves in this business and further stated that those occupying state land and involved in this business, will be penalized.
ย
He said those involved, or plan to do so, must adhere to the law and follow proper processes to obtain a land title prior to developing it.
ย
The Lands Department will be looking into the matter.
ย
Back to top button
Meanwhile Lands Minister, Benny Allen, said it is a very difficult task to monitor, or even put a stop to the growth of squatter settlements in major towns in the country.
ย
Mr. Allen said his department has decided to give titles to the settlers to develop. He said 8 mile, located outside of Port Moresby is the pilot project.
https://youtube.com/watch?v=lZ85ZM_DG3Y%3Ffeature%3Doembed%26wmode%3Dopaque%26showinfo%3D0%26showsearch%3D0%26rel%3D0
