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June 22, 2021
Business PNG Programs

Business PNG – Episode 20, 2016

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In this episode Michelle Bird reports on the government and Bank South Pacific (BSP) First Home Ownership Scheme, and speaks with some of the scheme’s first applicants.

In 2013, concerned with the lack of accessibility and affordability of owning a home, the government set up the Ministerial Committee for Affordable Land and Housing, with the Department of National Planning as the coordinating agency and minister for this department, Charles Abel, as Chairman.

In 2007 the government in partnership with BSP rolled out the First Home Ownership Scheme whereby BSP rigorously screens applicants, before approving a land title, making them eligible for a loan to build their first home.

Also on the show, we feature the idyllic Jais Aben Resort in the beautiful Madang province.

A forgotten hideaway in Riwo village, about 15 minutes from Madang town.

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