UPNG staff join national home ownership scheme

Staff members at the University of Papua New Guinea (UPNG) are set to benefit from a new national home ownership scheme. Deputy Vice-Chancellor Nicholas Kuman announced that 56 houses are available for sale, exclusively to the university's national employees.

These houses are located near the Waigani campus in Port Moresby and are part of Phase One of the scheme. Kuman explained that subsequent phases will focus on developing vacant university land, enabling individual employees to acquire plots for constructing their own homes.

Kuman, who chairs the committee overseeing the scheme, noted that the university council had previously approved its progression in February. He assured that those who do not secure a house in the first phase will have opportunities in subsequent plans.

"The beauty of this phase of the scheme is that people can build or have built for them types of houses of their own choosing within their own economic capability," Kuman stated. He added that the project is integrated into a nationwide World Bank initiative and is expected to offer more favorable terms and conditions compared to current market options.

The university council is scheduled to discuss the scheme further at its upcoming meeting. The Post-Courier archive offers access to more historical stories from the past 55 years.

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The beauty of this phase of the scheme is that people can build or have built for them types of houses of their own choosing within their own economic capability.