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Developer unveils plans for solar farm in Waikele

Developer unveils plans for solar farm in Waikele
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Silicon Valley adds fuel to Hawaii s real estate boom but there s a downside

Silicon Valley adds fuel to Hawaii’s real estate boom but there’s a downside Hawaii real estate prices skyrocket as buyers from the mainland scoop up housing By Mahealani Richardson | April 21, 2021 at 7:04 PM HST - Updated April 21 at 7:32 PM HONOLULU, Hawaii (HawaiiNewsNow) - Sales of luxury homes are spiking and interest in furnished rentals is also through the roof. “I would say that it has skyrocketed up,” said Natalie Pietre, owner and principal broker of Island Properties. Experts say there’s a mix of factors. Before the pandemic, buyers were snapping up condos. Now there’s high demand for single family homes. Interest rates are low, inventory is low and high tech workers from the mainland want to come to Hawaii to work remotely.

Kihei affordable housing project is for Maui residents only

Homes at new Maui affordable housing development to start at $329,000 Mahealani Richardson © Provided by Honolulu KHNL Affordable housing project in Kihei for Maui residents only. HONOLULU, Hawaii (HawaiiNewsNow) - Affordable housing developer Peter Savio is planning to break ground this summer on a $100 million workforce housing development in Kihei. Called Kihei Wailani Village, it will be made up of 81 homes ― both townhouses and single family homes. The two-, three-, or four-bedroom units will range in price from $329,000 to 638,000. “We have to find a way back to creating a local market for local buyers,” he said. “I’ve always wanted to go back to Maui and if we are successful with this project and we believe we will be, I hope to do a number of projects, all affordable, all the local market, all below market.”

Local developer s solution to deter outside buyers from purchasing homes in Hawaii

Local developer s solution to deter outside buyers from purchasing homes in Hawaii
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Homes at new Maui affordable housing development to start at $329,000

Homes at new Maui affordable housing development to start at $329,000 Homes at new Maui affordable housing development to start at $329,000 By Mahealani Richardson | April 8, 2021 at 1:33 PM HST - Updated April 8 at 4:44 PM HONOLULU, Hawaii (HawaiiNewsNow) - Affordable housing developer Peter Savio is planning to break ground this summer on a $100 million workforce housing development in Kihei. Called Kihei Wailani Village, it will be made up of 81 homes ― both townhouses and single family homes. The two-, three-, or four-bedroom units will range in price from $329,000 to 638,000. “We have to find a way back to creating a local market for local buyers,” he said.

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