Paga Hill Paradise has announced a K350 million phase two expansion, in a development the company is presenting as one of the largest private property investments currently under way in the National Capital District.
The Post-Courier reported that the second stage will build on the existing Paga Hill precinct, which includes residential and hospitality components and has increasingly marketed itself as a high-end destination for long-stay visitors, corporate travellers and returning Papua New Guineans.
In announcing the next phase, the company described it as “a massive K350 million investment” designed to deepen the precinct’s role in Port Moresby’s property and tourism landscape.
The project comes at a time when parts of the capital’s property market are recalibrating after several years of uneven demand. Developers and investors have been watching for clearer signals on business confidence, visitor flows and the pace of resource sector activity, which often drives accommodation demand.
Paga Hill Paradise has previously positioned itself as a precinct offering integrated services, security and lifestyle amenities, an approach that has gained traction in Port Moresby as corporates and government agencies look for reliable accommodation and meeting infrastructure.
While full details of the phase two scope and timeline are still emerging, the scale of the announced investment suggests confidence that the market for premium accommodation and mixed-use facilities will remain resilient.
For the wider economy, large private projects of this kind have flow-on impacts for local contractors, suppliers and employment, especially in construction and services. The expansion also strengthens the case for Port Moresby to attract a larger share of conferences and business events, which require quality hotel stock and precinct-style facilities.
Main Picture courtesy: Paga Hill Estate website
