In September 2011, MRL Capital made its first PNG property acquisition, two executive apartments in the industrial city of Lae, in the Morobe province.

One of these, a newly built 2‐level 6x3 bedroom property on Doyle Street, was purchased for K6.1 million through a private sale. Located in Lae’s Eriku suburb, the residential executive apartment is in close proximity of the main Eriku shopping centre, educational institutions and sporting and public transport amenities.

The Doyle Street apartment is built of concrete with Rosewood timber finishing and is designed to withstand Lae’s harsh tropical climate and wet weather.
The apartment is fully furnished with all the basic white goods and offers tenants the comforts of a modern day living. All the units have been fitted with smoke alarms and fire extinguishers. A 24‐hour armed security service is also provided for maximum protection.


Doyle St Details

Land Area: 1,345 square meters.
No of units: 2‐level 6x3 bedroom units with ensuite for master bedrooms
Car Parking: Built‐in car parking– 2 for each unit
Leasing Profile: All six units available for immediate lease
Rental: K9,000/unit/month
Term: Minimum of three (3) years with 3 x 3 years option
White Goods: Fully furnished with basic white goods
Fittings: Air‐condition & ceiling fan in living rooms and all bedrooms

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