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Port Moresby
May 18, 2021
Business News

National Housing Corporation Plans to Renovate Properties

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National Housing Estate Limited, the business arm of the National Housing Corporation, plans to carry out major renovation on most of its properties that have been neglected over the last 30 years.

NHEL Chief Executive Officer, Madlene Paulisbo, said last Friday’s National Court decision to dismiss an order for want of prosecution by disgruntled tenants, meant that they can now carry out much needed maintenance work on their properties.

 

These include NHEL Properties at Saraga Street, Manu Auto Port, Henao Drive and Red Cross flats.

 

The National Housing Estate Limited couldn’t carry out maintenance work on these properties because the 144 disgruntled tenants successfully obtained a stay order preventing NHC from conducting any business or maintenance on the 200 units, a matter that lasted for 9 years.

 

Many tenants have been living in the properties for many years without paying rent, and while others may be genuine, the illegal tenants have caused the company over millions of kina in outstanding rental fees.

 

Chief Executive Officer Madeleine Paulisbo says now with the case dismissed, they can proceed with maintenance work on some of the rundown properties.

The rest of the 215 tenants of National Housing Estate Properties have fully complied with requirements for new tenancy agreements.

 

This exercise has been on-going since the start of 2014. A process aimed a verifying legitimate Title Holders.

 

The company reminded tenants that rates being imposed are much lower than what is offered by the private real estate companies.

 

It is aimed at making housing affordable for Papua New Guineans amidst the high cost of rentals in the real estate industry.

 

The Management is currently urging all tenants to cooperate and ensure NHEL carry out much needed maintenance work.

 

They are further calling on tenants with outstanding rentals to settle all arrears, and validate their records at the NHEL Office located here in down town Port Moresby, Pacific Place.

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