Find Property and Real Estate expertise in Papua New Guinea
Land in Papua New Guinea is categorised into two primary ownership categories: namely customary land, where ownership rights are vested in extended family groups; and alienated land, which is owned by the government, though this constitutes a mere 3% of the available land area and is mainly located in urban areas or is in the form of plantations. The government is actively promoting the development of these areas. To encourage investments, industrial centres have been established, and to attract investors, specifically in the export industry, the Free Trade Zone Act No.18 of 2000 grants free access to land in the Free Trade Zone areas. The Professionals Real Estate Group in Papua New Guinea is the largest real estate organisation in the country, with offices in Port Moresby, Lae, Mt Hagen and Madang, and resident agents in Rabaul, Wewak and Goroka. The government is pro-foreign investment. There is no general capital gains tax in Papua New Guinea.