Real estate company offering units in city

By GYNNIE KERO
AN open day was hosted by real estate company LEA Holdings Ltd last Saturday for Port Moresby residents who have interests in buying affordable units at Boroko.
According to a director Bernard Fong, Lea Holdings Ltd is focused on building affordable and quality units for “average” Papua New Guineans in prime areas.
Fong said the company’s investment at the 3-Mile project (Summer Fairy Apartments) was more than K20 million.
“We are looking at K20 million-plus investment,” he said.
“The units are fully furnished and the price varies.”
LEA Holdings Ltd is a newly established real estate development company owned by a businessman from Guangdong, China.
He has experience in the real estate industry as well as the import and export of building materials worldwide.
Fong said it was the first property.
“We have (next) the twin tower at Konedobu that will be a 10-storey (twin 10-storey) service apartment,” he said.
“After this we move to Konedobu and after that we move to Erima. Everything is planned.
“Our main focus is, it must be affordable and quality especially in prime areas.
“Everyone is aiming at the top market but we try to make sure ordinary Papua New Guineans, with reasonable wage (cannot afford it).”