Photo: Downtown Port Moresby
Lands and Physical Planning John Rosso was praised by Hon. James Marape. In Parliament, Rosso applauded the approval of the Strata Title Management Bill 2022, as well as associated legislation and amendments (March 23 2022).
Because of a rising population and a lack of land, the bill permits people to acquire units and flats in high-rise structures.
PM Marape explained that the bill was enacted to modernize the country's land and housing industries.
Smaller Pacific countries like Fiji and Vanuatu, according to the Prime Minister, already have strata title legislation.
“This is a response to our country’s need for housing,” he said.
“The minister has worked very hard on this at the sunset of this term of Parliament.”
PM Marape reminded everyone that only 3% of the country's 462,000 square kilometers are held by the government.
He explained that, with the rising demand for land, there was a need for more affordable housing, which the new law addressed by allowing people to purchase units and apartments in high-rise buildings.
PM Marape stated that this law was only one of several that his administration has approved since taking office in May of this year.
“This law was first talked about 20 years ago,” he said.
“It may seem just like any ordinary Act of Parliament that we’re passing today, however, far that.
“This has a direct value on the economy.
“If one person owns a piece of real estate in an urban area and decides to build a 20-floor building, in which you can find over 60-70 units, these can be individually titled out.
“You don’t need to own a piece of land to have title to an apartment that you can call home.
“This is a law to modernise some of the legacy issues that we have carried through.”
PM Marape thanked both parties in Parliament for their help in getting the new law passed.
Reference: PM James Marape News Page (23 March 2022). “PM Marape commends Minister Rosso on Strata Title Law”.
