The long-awaited realization of quality services from the government has seen a real estate boom mainly from property owners in the Small to Medium Enterprise Sector (SME) in the Moresby South electorate of NCD. A rapid transformation from the shanty colonial suburbs to a modern looking electorate has created an abundance of opportunities for property owners, small businesses, and residents in and around the electorate.
Recently after retaining his seat current Member for Moresby South and newly appointed Minister for Foreign Affairs and International Events, Hon Justin Tkatchenko highlighted that he was humbled and overwhelmed by the huge support shown by the people of Moresby South and stressed on the development aspects of his electorate.
“I am satisfied that Moresby South is setting the standard in many different ways under my leadership and I thank the administrative staff and others who have ensure that requirements by laws are fulfilled. “This is important in the use of public funds,” Mr. Tkatchenko said.
The development in the electorate has made way for the creation of businesses with the building of Housing and rental properties along the Motu Koitabu villages of Mahuru, Kilakila, Pari and around the suburbs of Sabama and Joyce bay has been quite a remarkable turnaround from its original state and has fast become a potential prospect for the real estate industry.
A notable example is the back-hill road that connects from scratchy road leading towards the Joyce bay sewerage plant. The hillside area along this back road is now occupied with newly built Modern styled houses and the area has been largely in demand for land purchases particularly because of the magnificent view and also from the lighting at night that overlooks the shoreline from Joyce bay and continues up around to the newly built state of the art Butuka Academy School and stretches across Scratchly road down to Badili.
There is already a hotel in place in the area which has created opportunities for residents and the growth of business has prompted property owners into becoming competitive with rental fees directly resulting in the influx of residents from other parts of the city which has really worked well to the advantage of businesses. The vicinity of shops, markets and bus stops are all within walking distance from each other and is much more convenient for residents which mainly contrast of Public Servants, middle to low income earners and SME's
The sale, leasing and purchasing of land has also become a lucrative market for landowners both at a large and small scale and businesses that are keen for change and development have been at the forefront of purchasing large portions of land for housing and business purposes. Most Homeowners in the area have also sold or renovated and refurbished their homes into quality houses and Duplexes with all the conveniences of a modern home and have ventured into the real estate market as well.
The major factor for this real estate growth is due to the competition of rental properties which have in one way relaxed the constraints of daily livelihood for the residents of the electorate due to reduced rentals. Many residents have stated that the developments taking place around the surrounding suburbs have triggered a population increase in the electorate.
Retired Police officer and Long-time resident and Community leader in the Moresby South area, Anthony Aphranick Guken said “In the past, Moresby South was regarded and labelled as a notorious place in the city, but now there is huge change in infrastructure, roads, markets, schools and health services, this is because of the hard work put in by the business community and the local member to develop and change the electorate”
Adding significantly to this is the construction of a state-owned hospital and recreational facility which will consist of a modern Gym, park and playground. This facilities are all currently in progress with the beautification process slowly taking shape along the footpaths leading to the intended area of construction.
Once a notorious part of the city is now fast becoming a jewel greatly because of the outstanding and tireless efforts of the elected member and the business community in developing and creating a solid profile for the suburbs in this electorate.
