"In October 2007, Walt Disney Parks and Resorts announced the purchase of 21 acres of oceanfront property at Ko Olina Resort & Marina to develop the hotel in Ko Olina.
Disney paid $144 million, planning to develop an expansive resort that will open in 2011 with 800 units of mixed use resorts, hotel rooms and villas for the Disney's time-share brand..." (excerpt from Honolulu Star-Bulletin, October 4, 2007)
Wow, will this happen in 4 years? Controvertial mass-transit plan is still miles to go, and congestion of leeward community has not reach any solution yet... "The second city of Kapolei" has its expansion plan, and Kapolei~Ko Olina region will be transforming agricultural land to wonder land.
Contact me if you want to know more about the current project or available units in this luxury resort in the making.
http://www.GotHawaiiHome.com/
Misa@GotHawaiiHome.com
About Me
- Misa Kataoka 片岡ミサ
- Honolulu ホノルル, Hawaii ハワイ, United States
- ALOHA! I am a full-time real estate agent at List Sotheby's International Realty in Honolulu, Hawaii. Born and raised in Japan, Hawaii resident since 1990. Background in insurance, banking and tourism for Japanese market. Focus on condos (luxury apartments) in Waikiki, Ala Moana and Kaka'ako area. With this blog, I will share upcoming development and real estate topics unique to Hawaii. Feel free to contact me! こんにちわ。 リストサザビーズインターナショナルリアルティに所属、ハワイの不動産売買をお手伝いしていますミサです。１９９０年よりハワイ在住。好奇心・興味旺盛な性格から、日本と違う仕組みを知りたいと、保険（生保と損保）の資格取得、その後ネット銀行では全米からの電話問い合わせに英語対応を経験（汗）。度胸がついてハワイ法廷通訳者にも登録。不動産免許は２００７年に取得。不動産に限らずご質問はいつでもお気軽にどうぞ。
Tuesday, January 22, 2008
Wednesday, January 9, 2008
Kaka'ako Neighborhood
Developer of the newest high-rise condo in Kaka'ako revealed its new project's crescent-shaped tower. Shown above is the preliminary rendering of 404 Piikoi expected to begin construction at the end of 2008, with delivery in 2011.
This is the last phase of the project permitted by HCDA (Hawaii Community Development Authority), and completed project are Nauru Tower, Hawaiki Tower, 1133 Waimanu and Koolani.
Read more from Honolulu Star Bulletin: http://starbulletin.com/print/2005.php?fr=/2007/12/06/business/story03.html
Honolulu Advertiser has another article ..."Population of Kaka'ako district is expected to jump to 30,000 by 2030, from just 6,000 in 2000, according to Census and state estimates. The number of housing units is expected to grow to 20,000, from 4,200..."
Read more from Honolulu Advertiser:
Most recent public hearing information can be found at this link:
To learn more about this neighborhood, here's the HCDA website:
Check also my website http://www.gothawaiihome.com/ and
Japanese Blog http://misakataoka.blogspot.com/ and feel free to leave me a feed back.
Friday, December 21, 2007
Allure Waikiki
Here's the excerpt from Sales Office of Allure Waikiki (ground breaking January 2008):
"... 35-story upscale community with 1, 2 & 3 bedroom residences featuring gourmet kitchens with all Viking appliances, master suites, generous walk-in closets, floor to ceiling windows & much more. A grand lanai with 18' ceilings & a lush park will be major focal points in Allure Waikiki along with a spacious recreation terrace with pool & spa and 24 hr security access..."
909 Kapiolani completed late August still has remaining inventory from the developer, as well as 10+ resale units on MLS. Keola La'i in Kakaako, Watermark in Waikiki, Capitol Place and Pinnacle in Downtown... The success is depend on the timeline against this uncertain market into 2008.
Market analysis is everywhere, but one thing to keep it mind: Real estate is Local.
Just as national weather forecast has nothing to do with our local weather, we have to keep our eyes to specific local market to learn where it goes...
Thursday, December 13, 2007
Where the market go in 2008?
Mystery photo answer: Hokua at 1288 at Ala Moana (gym shown below)
As it was built and sold by the developer beginning part of 2006, 2-year mark to qualify for home exemption status may prompt many owners to take advantage of this highly appreciated property.
Many of us are wondering where this crazy real estate market will go and when is a good time to buy and/or sell... I don't have a crystal ball nor dare to tell you my speculation.
Only I can see from what I know or able to observe every day is that market is correcting itself to the healthy stage, no matter how long it takes or some surgery needed. It is a detox session that we all need to take its course to absorb and swallow.
For some, it is a harsh reality by facing adjustable interest rate to reset, short sale and possibly foreclosure. Others face selling at a loss, but able to secure the replacement property taking advantage of buyer's market to make it reasonable or wash (against those loss suffered by sale), but I believe many many homeowners are just holding its own roof nice and sound.
I do believe even homeowners who bought at the peak of the market will be handsomely rewarded if only they are seeing your home as "home", not as investment or equity drainage.
All fads has its own time, they all come and gone. They may call this "bubble", but you don't need to "pop" your property if you have a good down payment, good low interest rate on mortgage (historically low), good job and income, and good and realistic approach to real estate.
Some analyst says this market will have "U" shape recovery, rather than "V", it will take a few year to get the toxic (lending industry included) out, getting lean and healthy. Some said even "L" shape, rather longer recovery period. So, for those who are wondering, my advise is to think long term and treat with any financial decision you would make... don't gamble more than you can afford to lose, and have either exit plan or cash reserve, or both.
Have a wonderful Holiday season and wishing 2008 will be a great year to you all!
Check my website: http://www.gothawaiihome.com/ I have a link for Inman News for daily news.
As it was built and sold by the developer beginning part of 2006, 2-year mark to qualify for home exemption status may prompt many owners to take advantage of this highly appreciated property.
Many of us are wondering where this crazy real estate market will go and when is a good time to buy and/or sell... I don't have a crystal ball nor dare to tell you my speculation.
Only I can see from what I know or able to observe every day is that market is correcting itself to the healthy stage, no matter how long it takes or some surgery needed. It is a detox session that we all need to take its course to absorb and swallow.
For some, it is a harsh reality by facing adjustable interest rate to reset, short sale and possibly foreclosure. Others face selling at a loss, but able to secure the replacement property taking advantage of buyer's market to make it reasonable or wash (against those loss suffered by sale), but I believe many many homeowners are just holding its own roof nice and sound.
I do believe even homeowners who bought at the peak of the market will be handsomely rewarded if only they are seeing your home as "home", not as investment or equity drainage.
All fads has its own time, they all come and gone. They may call this "bubble", but you don't need to "pop" your property if you have a good down payment, good low interest rate on mortgage (historically low), good job and income, and good and realistic approach to real estate.
Some analyst says this market will have "U" shape recovery, rather than "V", it will take a few year to get the toxic (lending industry included) out, getting lean and healthy. Some said even "L" shape, rather longer recovery period. So, for those who are wondering, my advise is to think long term and treat with any financial decision you would make... don't gamble more than you can afford to lose, and have either exit plan or cash reserve, or both.
Have a wonderful Holiday season and wishing 2008 will be a great year to you all!
Check my website: http://www.gothawaiihome.com/ I have a link for Inman News for daily news.
Thursday, November 29, 2007
Metro living in paradise
November 29 Mystery Photo - Name the condo!( November 15 mystery photo Answer: Bird-eye view of 1350 Ala Moana swimming pool.)
Kakaako-Ala Moana is probably most appreciated area in Honolulu in recent years, adding luxury condos for those "Live-Work-Play" without driving around. Victoria Ward Centre continue to expand... Shopping, dining, theatre, or just stroll around, jogging and swimming Ala Moana Beach Park... Whole Foods market will be completing soon.
Next mystery photo is another swimming pool overlooking Ala Moana Beach Park and palm trees. Paradise living at its best!
Thursday, November 15, 2007
Mystery Photo -Name the Condo!
Starting next week, I would like to visit weekly with major condo buildings in Waikiki/Ala Moana/Kakaako at random order.
This photo is no brainer to many of you... you see street intersection as a hint to the location.
CLUE: this is one of the prestigeous building by Ala Moana Center, and still yet one of the unobstructed Ocean view units. Sorry, no pet...
Friday, November 9, 2007
Magical Kaikea Estate
Hawaii Kai Estate sold at $15.9 Million -the most priciest real estate sold this year so far, according to Honolulu Advertiser today (11/9/07).
Here's another estate I recently visit in Kailua. In true sense of old Hawaii and timeless architecture, this estate of over 2 acres rests on beautiful Kailua Beach.
Certainly this estate calls for the most discerned buyer who truly appreciate old Hawaiiana, cherishing the nature and island lifestyle.
Offered at $23.7 Million, may break the record soon... experience of yesteryear is "priceless".
(Listing by Tracy P. Allen, Coldwell Bankder Pacific Properties)
Here's another estate I recently visit in Kailua. In true sense of old Hawaii and timeless architecture, this estate of over 2 acres rests on beautiful Kailua Beach.
Certainly this estate calls for the most discerned buyer who truly appreciate old Hawaiiana, cherishing the nature and island lifestyle.
Offered at $23.7 Million, may break the record soon... experience of yesteryear is "priceless".
(Listing by Tracy P. Allen, Coldwell Bankder Pacific Properties)
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