A Chinese firm, Shandong Yinjiang Industry, is aiming to construct more than 100 homes for residents in Port Moresby.
This follows a partnership with the national government through the National Housing Corporation for the Duran Housing Project.
President of Shandong Yinjiang, Rongtian Xu, told EMTV they hope these houses will be a game changer for city residents in owning a house.
Three types of houses are under construction:
- the three bedroom house which will cost K350, 000
- four bedroom house costing K400, 000 and
- the five bedroom house which will cost K450, 000
The Chinese firm says the houses are package with the land title allocated.
Engineers on site told EMTV that these houses are standardised homes, built with modern materials with a lasting duration of 100 years.
This is the first project the Chinese contractor is building and has open dialogue with the Morobe Provincial government for a similar project.
With housing an issue faced by the government annually, YJI Limited hopes to build better homes at affordable rates and give Papua New Guinean’s the opportunity to own a house.
The Duran Housing project is the latest housing scheme by the government through the National Housing Corporation and Chinese firm Yinjiang Industry.