BAOSEN International Holdings Limited is pressing ahead with a proposed $PGK4 billion mixed-use development in Port Moresby’s Five-Mile precinct in what could become one of the largest private property investments in Papua New Guinea.
Known as Baosen China Town, the development is being rolled out in stages through 2028 and is expected to anchor a new commercial and residential hub in the capital.
The company and its marketing partners say the first phase will include about 90,000 square metres of retail space, which would make it the largest shopping complex in Papua New Guinea if completed as planned.
Later stages are slated to deliver more than 600 furnished apartments, a 30-storey five-star hotel, Grade-A office towers and associated commercial infrastructure.
The precinct is also being marketed under Papua New Guinea’s Special Economic Zone framework, with plans for integrated security, backup power, managed public areas and professional property services.
Australian real estate network One Agency has announced that its Papua New Guinea arm has secured the sales and leasing mandate, marking the company’s entry into the PNG market.
Baosen International Sales and Marketing Director Ben Wang said the partnership would help attract investors, tenants and commercial operators.
One Agency PNG Principal Kelly Cook described the project as one of the most ambitious property developments in the Pacific and said the appointment reflected confidence in Papua New Guinea’s investment outlook.
Port Moresby has long faced demand for modern commercial space and premium housing, driven by population growth, business expansion and resources-sector investment.
Developers say the project could generate work across construction, retail leasing, property management, legal services, logistics and hospitality, while adding much-needed high-end rental stock to the city.
Phase one is scheduled for completion by the end of 2026, with full delivery targeted for 2028.
