The Paga Hill Paradise Apartments, located within the Paga Hill Special Economic Zone (SEZ), was officially opened by Prime Minister James Marape on 5 January 2026.
The K130 million (USD 30.5 million), 22-storey luxury residential development sits on the Port Moresby beachfront, overlooking the historic Fairfax Harbour. It features 83 units, ranging from one-bedroom apartments to penthouses.
In addition to the opening, a groundbreaking ceremony marked the start of phase two of the project: a K350 million (approximately USD 82.3 million) development comprising a new apartment tower and an office tower. Construction is scheduled to begin in March, with completion expected within two years.
Minister for International Trade and Investment Richard Maru, who also oversees SEZs, described the opening as “the first of many exciting launchings and openings” within the Paga Hill SEZ.
“Six years after granting Paga Hill its first SEZ licence, we now celebrate the completion of the first world-class building we can truly be proud of. This is a remarkable achievement for the Marape-Rosso Government,” Minister Maru said.
He added: “In March, we will also witness the opening of the first casino within the Paga Hill SEZ. This project alone will create over 600 full-time jobs. Phase two of the Paga Hill Paradise Project, alongside other hotels and developments in the adjoining Sea Park SEZ, will further transform Port Moresby. In the next three years, these two SEZs, together with the recently approved Portside Gardens SEZ at the old wharf, will reshape the city’s skyline.”
Minister Maru extended his gratitude to Asian businessman Jimmy Po and other investors for their confidence in reinvesting in Papua New Guinea.
“We are deeply grateful for your trust. Your investment will help transform Port Moresby’s skyline, reflecting the vision and drive of NCD Governor Hon. Powes Parkop. Thank you for believing in our country and for committing your resources to strengthen PNG’s economy,” he said.
All 83 units of Paga Hill Paradise Apartments have now been sold. For the second apartment tower, more than 30 of the 98 units have already been purchased by interested buyers.
Minister Maru emphasised the strong investment potential in Port Moresby: “This is the right time to invest in PNG. Where else in the world would you sell world-class apartments two years before completion?”
