The Holomua condominium project in Honolulu sold out all 176 units when sales reopened April 2.
A broker for the project told PBN Wednesday that the units were sold out within three hours of the sales relaunch; in addition, more than 300 backup buyers have signed up so far.
The project at 1315 Kalakaua Ave. had originally launched sales in 2009, but the condo was put on hold for approximately a year because of a lack of sales. Before the sales reopening last week, project brokers said that if 65 percent, or 114 units, were sold, construction might start in July. Information on whether the project will start this summer was not immediately available.
The project includes market and “affordable” units, ranging from 354 square feet to 752 square feet, with one or two bedrooms and one or two bathrooms. Prices range from $239,900 to $467,700, with most prices having been reduced by approximately $40,000.
The project developer is KRC Partners LLC, with Hawaiian Island Homes Ltd. serving as the principal broker and Nordic PCL as the contractor. If construction does start this July, the project is expected to be completed in early 2013.
The Holomua condominium project in Honolulu sold out all 176 units when sales reopened April 2.
A broker for the project told PBN Wednesday that the units were sold out within three hours of the sales relaunch; in addition, more than 300 backup buyers have signed up so far.
The project at 1315 Kalakaua Ave. had originally launched sales in 2009, but the condo was put on hold for approximately a year because of a lack of sales. Before the sales reopening last week, project brokers said that if 65 percent, or 114 units, were sold, construction might start in July. Information on whether the project will start this summer was not immediately available.
The project includes market and “affordable” units, ranging from 354 square feet to 752 square feet, with one or two bedrooms and one or two bathrooms. Prices range from $239,900 to $467,700, with most prices having been reduced by approximately $40,000.
The project developer is KRC Partners LLC, with Hawaiian Island Homes Ltd. serving as the principal broker and Nordic PCL as the contractor. If construction does start this July, the project is expected to be completed in early 2013.
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