Seven new home releases in West Oahu

November brought a notable shift in Hawaii's new construction scene, particularly in West Oahu, where seven new home releases took place.

Here's a closer look at what was released in West Oahu:

• Ikena on 11/4
• Nanea II at Koa Ridge on 11/5
• Kanalani on 11/10
• Nahele on 11/14
• Kaulu by Gentry on 11/18
• Bluffs at Nanaina on 11/20
• Waioha II at Koa Ridge on 11/27

As we embrace the holiday season, we foresee this momentum carrying into the new year. While December may or may not feature any major releases, it's common for buyers to settle in January and commence with their plans to buy real estate.

Before we dive in further to our updates, we wanted to remind you that this report covers new developments across Oahu, Maui, Kauai, and Big Island. However, if you're in the market for resale properties or have a shorter timeline in mind, we recommend taking a look at our most recent Hawaii Housing Market Report.

Kaulu was a hit

During November, we've guided numerous potential buyers on tours of Kaulu by Gentry's sales models. The consensus was unanimous – everyone left thoroughly impressed with the homes. They offer generous space and many were beautifully staged. Feel free to watch our video walkthrough of the Aukai floor plan below.

Our recommendation for Kaulu

Whether you're interested in market or reserved housing at Kaulu, we suggest going ahead and completing the required paperwork to secure your spot in the queue, even if you're unsure about making a purchase. It's a straightforward process, you can opt-out anytime, there's no cost to you, and you won't have any reason for regret. Below, you'll find a list of the items you need to submit:

1. Gentry Home Loans PQ letter
2. Homeowner affidavit (1-year owner occupancy required)
3. Home selection form
4. HCDA application (Only for Reserved Housing)

For those of you that don't have an agent and are interested in applying, please contact Shay at (808) 398-7429. See the deadlines for Kaulu's first lotteries in the updates below.

What's next

While there were several projects on the horizon for 2023, such as Kaliu, Kahuina, and Malu Koa West, the two developments we are particularly focused on are Launiu at Ward Village and MODEA. The interest lies in the fact that Ward Village has already begun preparations for a Launiu release in January/February 2024, and The Davies Pacific Center is nearing completion of its sales office, with press reports hinting at a late 2023 release date.

Updates

• Market units at Kuilei Place are now all unrestricted – meaning you can rent out or sell as soon as you get the keys.
• Kaulu by Gentry is holding their first lottery this Saturday (12/16) for 5 market-priced townhomes. The first reserved housing lottery will occur next year on Jan. 6th. The reserved housing application deadline is next Thursday 12/21.
• Honolulu County is considering to increase the required debt-to-income ratio for the affordable housing program at Sky Ala Moana and The Park on Keeaumoku. This adjustment would enable a greater number of applicants to qualify without the need for a substantial down payment.
• Kauanoe o Kōloa is seeking public support to gain county approval for the master drainage plan in the Koloa ahupuaʻa. This infrastructure is crucial for the successful execution of Phase II of Kauanoe o Kōloa.
• Ililani and Victoria Place are nearly completion.
• Construction is ongoing for Ulana Ward Village, Victoria Park Pedstrian Bridge, and The Park at Keeaumoku.
• The foundation permit for The Park at Ward Village was approved.

Available Inventory