Harnessing innovation and technology in PNG's real estate industry
KMS Properties is a rising company in Papua New Guinea’s lucrative but challenging real estate property management and maintenance industry.
Locally owned, KMS Properties or Kupiane Management Services Limited may be a relatively new player in Papua New Guinea’s real estate industry, but after a little over three years the firm is now ready to accept new clients and invite new investors – with an edge.
It has invested in structure, competence and a cloud-based property management system that gives it an edge over any competitor who still do things the traditional way – manually as opposed to automated.
General Manager Arne Alfajardo said recently ‘KMS partnered with Buildium, a paperless, comprehensive, systematic cloud-based software that gives convenience to clients in sending rental applications, maintenance requests, view rental ledgers online and has portal access for both tenants and owners among other features.
‘The system is a full package from start to end and is fast and very effective,’ Arne said.
The salient features of the portal sees the various property management processes automated including inspection, logging maintenance issues and one-tap access to on-demand documents. It gives access to both KMS property owners and tenants, streamlining their communication process thus reducing emails and errors that traditional occur in property management.
“For 2019-2020 we (KMS) are geared towards getting more private companies and clients onto our portfolio. We now have in place, our structure (manpower), competence with combined industry experience of more than 20 years and our cloud-based property management system – Buildium,’ Arne said.
“We are looking at inviting investors and build up our portfolio with our cloud-based system that gives access to important documents, streamlines communication and provides financial reports in real-time,” he said.
The KMS fully automated portal is available on their website www.kms.com.pg. It gives portal access to credit history and other on-demand documents like tenancy agreements that can be signed online, provide rules and regulations, check-list templates for moving-in, renovations, maintenance and other information that is readily available.
There are plans to build an app in the near future that will make the entire KMS property management system accessible on multiple devices including PC’s, laptops, tablets and smartphones.
“The current state of the industry is a buyer’s/leasee’s market...there is lots of building construction happening and we see some increase in activity. The market was weak from 2016-2018, this year we see it rising a bit and we hope the economy will bounce back soon,” Arne said.
KMS are full service property managers, whose investment portfolio management currently includes six properties and apartments with 50-60 units – with over 80% occupancy. It specialises in the management, leasing, sales and maintenance of commercial and residential properties.
KMS started a little over three years ago.
Deciding to partner with KMS for your property investment and management needs gives you a one month free trial on their cloud-based property management system – you will not want to use anything else.