2023 Review: Next Up, Launiu & Malu Koa West

Hawaii New Homes Report | December 2023 Edition

By REAL. Updated Feb 08, 2024. | Hawaii New Homes Reports | 5 min. read
  1. RecapJump
  2. Moving ForwardJump
  3. UpdatesJump

2023 seemed like a busy year for new developments, but as we looked back to review the releases and announcements, there wasn't as much action as we expected.

According to our recap below, the majority of new developments or new homes released were located in Ewa Beach. This was also inline with the resale market - based on HiCentralMLS's market report, properties priced below $700k saw an increase of over 10% in 2023, while higher price points saw a large decrease. With that being said, it appears that real estate developers with projects priced closer to the median sales price are either waiting for the market to shift or they're still going through the long approval process. The latter might be more realistic especially since most of the affordable housing projects have been expedited via the Governor's emergency proclamation.






You'll notice that there was only one release on the outer islands. For the most part, there are many other releases not mentioned here, but fall under either affordable housing or rentals. For the latest affordable housing projects, please visit AffordableHousingHawaii.com.

Moving Forward

As for 2024, there are 2 projects that we're focused on - The Launiu and Malu Koa West.

Launiu Ward Village release soon

The Launiu offers studios, 1-, 2-, and 3-bedrooms. It's the last Ward Village development on the front row that will be priced in a reasonable range for its location and amenities. New renderings of the development were released via 3 architectural media outlets, and you can see them on our Launiu page. We expect its public release in February, however, we're able to get in you the door before that. Contact Shay at (808) 398-7429 if you're interested.

Malu Koa West release soon

Malu Koa West has a unit mix of studios, 1-, 2-, and 3-bedroom units as well, except it's located in Waipio near to Costco. The project was originally supposed to go on sale in May of 2023, but has been pushed back and is expected to release in 2024. A few recent changes to Malu Koa West include:

Learn more about Malu Koa West.


AliaLess than 20 units remain.
1 bed - Starting at $1,511,000
2 bed - Starting at $1,448,000
3 bed - Starting at $2,520,000
Waioha II - 7 units (3- and 4-bedrooms) left in phase 1 starting at $951,965.
Nanea II
- 7 units (3- and 4-bedrooms) left in phase 1 starting at $1,074,500.
HoopiliNahele - 37 units available. Prices start at $420,115 for a 1 bedroom.
Kanalani - 1 four bedroom home priced at $1,011,225
Kuilei Place1 bedroom market-priced units start in the high $600ks.
Reserved housing starts in the low $500ks. Restrictions apply.
56 Studios - Starting at $270,000
1 One Bedrooms - $360,000
12 Two Bedrooms - Starting at $398,000
DPP Requirements Apply
93% sold out.
Studios starting at $833k
One Bedrooms starting at $949k
1 Two Bedrooms - $1,832,000
3 Three Bedrooms - Starting at $2.06M
Expected to break ground in early 2024.
87% sold out.
One Bedrooms starting at $1.33M
Two Bedrooms starting at $2.05M
Three Bedrooms starting at $4.32M
20 to 30 units are expected to come back on the market.
3 Three Bedroom units - Starting at $1,045,000
5 Four Bedroom units - Starting at $1,245,000
6 Studios - Starting at $706k
10 One Bedrooms - Starting at $949k
1 Two Bedroom - $1,832,000
4 Three Bedrooms - Starting at $2.101M
Owner-Occupant Units remain ranging from $1.2M to $5.4M
Pakela Ike8 of 24 lots of land remain available.

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Real Estate And Living Hawaii is committed to providing the most up-to-date information about real estate developments in Hawaii. Information about projects, collected on January 17, 2024, including pricing, inventory, and floor plans, often change without notice. Information is deemed reliable but not guaranteed.

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