Kalae Ward Village
Ward Village's 10th tower will have unobstructed ocean views.
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.
As for 2024, there are 2 projects that we're focused on - The Launiu and Malu Koa West.
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 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:
| Alia | Less 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 |
| Hoopili | Nahele - 37 units available. Prices start at $420,115 for a 1 bedroom. Kanalani - 1 four bedroom home priced at $1,011,225 |
| Kuilei Place | 1 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 | |
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 Ike | 8 of 24 lots of land remain available. |
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We are not the developer. We're real estate agents who help you buy new homes at no extra cost.DISCLAIMER
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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We are not the developer. We're real estate agents who help you buy new homes at no extra cost.Ward Village's 10th tower will have unobstructed ocean views.
Hooulu offers plantation-style homes with 2 or 3 bedrooms.
Condo townhomes with 5 floor plans & 5 lottery phases.
Waioha offers single-family condo homes with 8 floor plans.
Sky Ala Moana consists of 2 towers - Sky West and Sky East.
Alia is a planned luxury condo project in Kakaako, Honolulu.
