In regard to Kakaako condos, prior to the controversial letter, this is how the general real estate community has been operating: 1.)Kakaako condosare developed and offered for sale for “residential use” and arenot“transient vacation units”. Consistent with “residential use” you may rent ...
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Late year 2002 marketing ofHokua, a luxurycondo in Kakaako, began pre-construction. Prices started in the $500,000’s for a low floor 2BR and close to 50% of the units were priced above $1M. This was almost unheard of prices for Honolulu condos – with the exception of a fewcondos ...
1.)$400K – $1Mill:Pent-up demand isfar from satisfiedfor the more ‘affordable’price range condos (< $1Mill). Buildings likeKapiolani Residence(Ala Moana), andKe Kilohana(Ward Village/Kakaako) are selling out quickly multiple times over. As long as development cost is within developer’s...