Oahu Condo Boom – 9,000+ New Condos in Honolulu
New Honolulu Condos For Sale
Honolulu has long been known for its dated condominium towers, many of which were built in the 1960s and 1970s. Well, did you know that since 2014, more than 5,000 new condos have been built and sold in Honolulu? And in the next four years (2019-2022), 4,000 more will be completed and available for sale.
The new Honolulu condo projects range in price from affordable (by Hawaii standards) to the absurd (e.g. the Grand Penthouse 36 at Waiea is listed at $36M). With so many new construction options and relatively low interest rates, now may be the ideal time to buy your dream home in paradise.
New Construction in Kakaako & Ala Moana
The new construction is centered in the Kakaako area, a district formerly full of industrial warehouses and low rise businesses. The second epicenter of construction is around the Ala Moana Center, the largest outdoor shopping center in the world. Both of these districts are centrally located between Waikiki and downtown Honolulu. There are also a few new condo projects in Waikiki and the traditional residential neighborhoods of McCully and Makiki.
For more details on the 28 buildings recently built or being built, and current condos available for purchase, please enjoy the slideshow below.
August 5, 2019
On new projects like this it would be nice of the big developers to use local vendors for certain things like low voltage electrical engineering, products, and design etc.