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February 25, 2021
Business PNG Programs

Business PNG – Episode 20, 2016

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In this episode Michelle Bird reports on the governments and Bank South Pacific’s First Home Owners scheme and case study’s from some of the schemes 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 Able, as the Chairman.
In 2007 the government in partnership with Bank South Pacific rolled out the ‘First Home Ownership Scheme’ whereby BSP rigorously screens applicants 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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