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HokuaHokua
Sub-Property Type: Condo Land Tenure: Fee Simple Land Square Feet: 154,923 Year Built: 2005 # of Units: 248 Type: 2 and 3 Bedrooms Stories: 40 Elevators: 4 Hokua is one of Oahu's newest Luxury Condos. Built in 2006, Hokua was a joint venture between The MacNaughton Group and the Kobayashi Group. They saw a need for spacious (all units 1500 sq. ft. +) luxury product. They hit the nail on the head. They sold out the entire project within 2 weeks with an average contract price of $1 million at the time. Prior to their release, I ran stats for condo sales on Oahu above $1 million & only 18 in the entire year sold. They were able to then sell 200 in 2 weeks! Timing is everything.. In addition, those original buyers have done very well for themselves. This project was home run! |
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