Last Thursday, Port Moresby’s Hilton Hotel became the epicenter of youthful ambition as the Young Professionals Network of PNG (YPN) hosted an insightful session on home and property investment. The event, drawing in over 80 young professionals from diverse sectors, underscored the burgeoning interest in property ownership among the nation’s youth.
Empowering Future Homeowners
YPN President Methuselah Wabiria highlighted the session’s importance, noting the substantial curiosity and eagerness among attendees to delve into the nuances of property investment. “This topic is one that is highly requested by our members,” Wabiria stated, pointing to the proactive stance the YPN is taking in addressing its members’ aspirations through educational forums. The collaboration with BSP to facilitate the event further exemplifies the YPN’s commitment to equip its members with the necessary knowledge to navigate the complex landscape of property investment.
Banking on Dreams
BSP’s involvement brought a practical perspective to the discussion, with Stanislaus Mu’uh, a Business Sales Analyst at BSP, outlining the bank’s property loan products: first home buyer, standard home loan, and personal property investment loan. Mu’uh’s exposition on the property purchasing process and the bank’s dedication to aiding young Papua New Guineans in achieving their homeownership dreams added a tangible dimension to the aspirational discourse. “Owning a home is a dream that many young people share,” Mu’uh remarked, advocating for increased voluntary contributions to superannuation as a viable path towards accumulating equity for a home.
Looking Ahead
With plans for ten more events in 2024, including networking events, knowledge hubs, and mentor dinners, the YPN is setting a robust agenda for its members’ professional and personal development. The enthusiasm and engagement shown by the young professionals at the Hilton event are indicative of a wider trend in PNG – a growing appetite for property investment and ownership. As YPN opens its membership for 2024, it stands on the cusp of catalyzing a significant shift towards informed and empowered property investing among young Papua New Guineans.
The commitment of organizations like the YPN and BSP to fostering understanding and providing tools for property investment is not just about real estate; it’s about building the foundation for the future of PNG’s young professionals. As they navigate the path towards homeownership, these young individuals are not just investing in property, but in their dreams, communities, and the economic fabric of the nation.