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Stronger presence for RH in Port Moresby, Papua New Guinea RH is building up its shopping centre, hotel and property development sector Vision City Waigani (VCW) will come alive in 2012 when the projects and activities planned for the town square takes shape. Rimbunan Hijau (PNG) Group, through its subsidiary company, Dynasty Development Ltd (DDL), is the master developer of the compact 10-hectare integrated mixed development of the Vision City, Port Moresby, Papua New Guinea. The first phase of this property development project is Mega Mall, a 3-storey shopping complex which has commenced construction since May, 2008. The 31,435 m2 shopping complex, which shall be the largest in the capital, comprises 52 units of retail lots with rental area of between 110 and 390 sq metres. Rentals are priced monthly at K38 per sq m and up. The Mall's anchor tenant, RH Hypermarket is keen to tap into the growing niche retail developments, including lifestyle shopping malls, concept stores and wholesale business, especially in the groceries and garment trade in the capital city. RH Hypermarket has grown in popularity as a one-stop shopping destination since its opening in 2003. Vision City Waigani with a 3-storey branded shopping complex and the upcoming projects (a luxurious hotel, top class serviced apartments and an exclusive intelligent office tower) will definitely transform Waigani skyline in the very near future.
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