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Sky's the limit

Hawaii's New Homes Report | September 2022 Edition

By Andy Arakaki. Updated Jan 10, 2023 | New Homes | 5 min. read
  1. Affordable Housing / Workforce HousingJump
  2. LotteriesJump
  3. Market Priced Homes/CondosJump
  4. Coming SoonJump

September's report features 4 new affordable housing projects with condos for sale, 1 lottery with 12 homes in Ewa Beach, and a number of other developments with market-priced residences available across the Hawaii. Based on the value of building permits distributed for private residential projects in Hawaii (YTD totaled $876.8M), there has a been roughly a 30% decrease compared to last year. This could mean that in 3 to 5 years, we'll see less new home inventory available.

Affordable Housing / Workforce Housing

Sky Flats at Sky Ala Moana

Interior finishes include a Bosch washer and dryer, PTAC, and dual-pane insulated windows.
Interior finishes include a Bosch washer and dryer, PTAC, and dual-pane insulated windows.

Affordable housing for Sky Flats was released on 9/10/22. Applications to purchase units are due on October 31, 2022.

# of People
100% AMI
120% AMI
Type
1
$91,500
$109,800
Studio, 1 Bd
2
$104,500
$125,400
Studio, 1 Bd, 2 Bd
3
$117,600
$141,120
1 Bd, 2 Bd
4
$130,600
$156,720
2 Bd
5
$141,100
$169,320
2 Bd

The Park on Ke‘eaumoku

The Grove at The Park on Ke‘eaumoku.
The Grove at The Park on Ke‘eaumoku.

Applications for Affordable housing at The Park on Ke‘eaumoku were released on Saturday, August 27, 2022, at 10 am. The deadline to submit your application is Saturday October 15, 2022.

# of People
100% AMI
120% AMI
Type
1
$91,500
$109,800
Studio, 1 Bd
2
$104,500
$125,400
Studio, 1 Bd, 2 Bd
3
$117,600
$141,120
1 Bd, 2 Bd
4
$130,600
$156,720
2 Bd
5
$141,100
$169,320
2 Bd

Other New Developments with units offered via Affordable Housing programs include:

Ililani

Ulana Ward Village

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Lotteries

Ho‘oulu in Hoopili

12 new homes will be released Ho‘oulu's lottery. It's a tight turnaround as it was announced last week and applications are due on Friday, September 16 by 5:00 p.m. The lottery will be held on Sunday, September 18 at 10:00 a.m.

A render of the plantation-style homes at Ho‘oulu.
A render of the plantation-style homes at Ho‘oulu.

What is the lottery process like?

In the lottery, D.R. Horton Hawaii pulls all applications randomly and gives each applicant a position number. From there, homes are distributed based on the applicant's preferred selection. You can learn more about how lotteries in Hawaii work from the video below.

Market Priced Homes/Condos

Kalae Ward Village

Kalae 3 bedroom residence - Plan 01.
Kalae 3 bedroom residence - Plan 01.

Not only is Kalae a front-row Ward Village development, but it's very unique because of its 4 Mālie courtyards (Sunset, Sunrise, Mauka, and Makai) on the ground floor. These special courtyards make it easy for owners to host gatherings with family and friends while giving the amenity deck a stronger sense of exclusivity and privacy. Ward Village has just released their new website for Kalae here.

Cottages at Ali’i Drive

Cottages at Ali’i Drive's Plan 1 (Kamoali‘i)
Cottages at Ali’i Drive's Plan 1 (Kamoali‘i)

Sales for the Cottages at Ali’i Drive went live just last week. The homes are sold via a first-come, first served basis.

Other New Developments with market pricing:

Makamae by Gentry

Ililani

The Park Ward Village

Another important note is that Kō‘ula has officially opened its doors to residents. As of today, Sept. 14, 2022, Kō‘ula is 96.6% pre-sold.

Click here to see the majority of new home developments in Hawaii.

New projects coming soon

Alia Kakaako

New renderings released of Alia in Our Kakaako
New renderings released of Alia in Our Kakaako

Alia is a new planned mixed-use development focused around sustainability. It'll offer feature 483 residential units - 437 market-priced units, 40 reserved housing units, and 6 market-priced lofts. Pricing and how the units will be offered is unknown at this time.

Walea at Koa Ridge

While driving by Koa Ridge, you'll notice that Walea is next to Malina and very close to Luana and Nanea. The Village, Koa Ridge's mixed-used commercial center with shops and restaurants, will neighbor Walea as well. Walea's condominium townhomes are offered via lottery where pricing starts in the $600ks. We expect the next lottery to be announced very soon.

Waioha at Koa Ridge

There hasn't been a lot of information shared about Waioha at Koa Ridge, but we do know that pricing will start in the $950k's and offer 2 to 4 bedrooms ranging from 950 sqft. to 1,484 sqft in size.

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You may also like

Ho‘oulu

Ho’oulu offers plantation-style homes with 2 or 3 bedrooms.

Walea

Condo townhomes with 5 floor plans & 5 lottery phases.

Waioha

Waioha offers single-family condo homes with 8 floor plans.

Sky Ala Moana

Sky Ala Moana consists of 2 towers - Sky West and Sky East.

Alia Kakaako

Alia is a planned luxury condo project in Kakaako, Honolulu.