Kuilei Place was approved.

Hawaii New Homes Report | January 2023 Edition

By REAL. Updated Jul 02, 2024. | Hawaii New Homes Reports | 5 min. read
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So far, 2023 has been a hoot. Not only were developers waiting for the New Year to announce their projects, but state government leaders are doing what they can to expedite permitting and processes to offer more housing to locals. It made perfect sense to feature Kuilei Place in our January report. But before we get to the meat of our report, we wanted to share some highlights of Hawaii's real estate market and the broader economy.


Kuilei Place

We mentioned Kuilei Place back in our November 2022 edition, but didn't realize how fast this project was moving. According to Civil Beat, it is "the first of a raft of new housing projects being expedited through the approval process to boost housing construction on Oahu." The project was approved by the Honolulu City Council on Tuesday, January 24, 2023.

While the project is not on sale yet, you can expect it to go on sale soon. Broker presentations are being scheduled now. Shortly after that, a formal advertisement will be published in the Star-Advertiser sharing what units are being released.

The newest rendering of Kuilei Place.
The newest rendering of Kuilei Place.
The lobby area.
The lobby area.
Porte cochere.
Porte cochere.

603 of the 1,005 condo residences will be offered via HHFDC's affordable housing program. If you're interested in purchasing an affordable housing unit, you'll have to enter a lottery. How does that work? Usually, you'll have to fill out an application, sign and notarize an affidavit agreeing that you'll reside there, and submit a pre-approval letter. Every lottery is different, so make sure to stay connected with us to get all the details first.

Malu Koa West

The newest subdivision in Koa Ridge was announced a few days ago. As you drive into Koa Ridge via the Gateway, you'll arrive at the Village - the center of the community. Future plans include eateries, retail shops, and Hale Lau Koa, a pavillion with a large green lawn where community events will be held. Malu Koa West will be located towards the back of the Village.

Mid-rise buildings in Koa Ridge.
Mid-rise buildings in Koa Ridge.
Overlooking Hale Lau Koa.
Overlooking Hale Lau Koa.


Kaliu is a new mixed-use development that will be located next to SALT in Our Kakaako. Prospac Holdings Group, the project's developer, recently gave a presentation to the public sharing their vision for project. You can see their new renderings below.

A perspective of Kaliu from Ala Moana Blvd.
A perspective of Kaliu from Ala Moana Blvd.
Kaliu's commercial space will act like an extension of SALT in Kakaako.
Kaliu's commercial space will act like an extension of SALT in Kakaako.


1 bed, 1 to 1.5 bath - $880,000 to $1,850,000
2 bed, 2 to 2.5 bath - $1,650,000 to $3,400,000
3 bed, 3 to 3.5 bath - $2,525,000 to $5,785,000
C and E models remain. Ranging from $783,900 to $900,286. See the inventory list here.
Credits of $4k are offered for all homes.
A and B models available. $936,100 to $976,500. See the inventory list here.
Credits of $4k are offered for all homes.
60 Studios left - Starting at $270,000
1 One Bedrooms (Unit #1301) - $360,000
15 Two Bedrooms remain - Starting at $398,000
DPP Requirements Apply
The original 30 years "affordable housing"
classification has been reduced to appealed.
It is now 20 years.
5 homes available. See the inventory here.
3 bedrooms, 2 bath
ranging in price from $842,490 to $854,490
Sold out.
6 homes available. See the price sheet here.
4/2.5 bed/bath, 2 stories, 1 to 2 car garage,
ranging in price from $834,125 to $875,850
1 Studio - $658,900
2 One Bedrooms facing ocean - $1,061,900 and up
12 Two Bedrooms - $1,043,955 and up
4 Studios remain - Starting at $749k
9 One Bedrooms - Starting at $855,000
6 Studios - Starting at $706k
10 One Bedrooms - Starting at $949k
1 Two Bedroom - $1,832,000
4 Three Bedrooms - Starting at $2.101M
Non-restricted units remain ranging from $1.2M to $5.4M
Studios - Range from $271,000 to $355,400
HCDA Requirements Apply
Construction has started at Ulana.
One Bedrooms - Starting at $477,900
Two Bedrooms - Mid $800k's
HHFDC Requirements for the one bedrooms only
Cottages at Alii Drive
7 Three Bedrooms - Starting at $1,011,800
6 Four Bedrooms - Starting at $1,270,000
Sold out.

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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 31, 2023, including pricing, inventory, and floor plans, often change without notice. Information is deemed reliable but not guaranteed.

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