Aloha Maila, excellent coverage of Kuilei place . I remember earlier days of viewing virtual walkthroughs at the Hawaii Kai Peninsula Colony condos. Back in the day a 1349 sq foot unit would set your back only $442K. As always loving your cool aloha outfits and excellent presentations. See you around Hawaii Kai one day!
Thank you for the video. Will Alia be finished before this one? Are the toilets enclosed, it would have been more informative if you use the last minute to talk about the location of the solar panels 😊
Very nice presentation. The bad thing about having your deposit held for 24-36 months while waiting for the new condo construction to be completed is that the deposit is non refundable . So say your deposit is $150-200k (20% of purchase price) and you qualify today, although interest rates are expected to decline, you never know what will happen in 3 yrs, you may not qualify due to future interest rates or other qualifying requirements. That's a huge risk to lose all that money.
Facts! On a different building I was qualified to borrow more money because when they did a pre qualification the interest rates were around 4.5%. When it was the actual time to do the mortgage, interest went up to around 7.1% and was not able to borrow as much as when I did my pre qualifications, which required me to have more cash in hand. Also within 3 months of living there, the cost for condo insurance sky rocketed and the HOA fees went up by 30%+. Edit: Almost all if not all lenders now require full coverage insurance or they will not let you borrow so its almost certain that the HOA fees will definitely be higher than what it is set to now. But anything can change within the 3 years it takes to build.
@@leternadia is the 5% when you did the pre-qualification letter or did the lender actually lock the rate for 5%? When I did my research for lenders, they only locked it for 6 months - 1 year. Could not find one that would lock it any longer.
@@dwellhawaii Thank you Maila. And on old condos the gamble is future assessments. In Hawaii Kai (Plaza Hawaii Kai) I've seen the assessments recently at $238 / mo. till 2035. For Pats At Punaluu the Annual assessment for 2024 will be $35,450, due in monthly installments of $2954.17. That's for a 1-bedroom/1 bath. Not sure if that's just for one year or many years. For a newer condo in Kakaako you get a much smaller place for the same price as in Hawaii Kai but no near future assessments and better amenities. What's the better buy for lets say in the $600k - $800k range?
Huh, 68 cents and sf for maintenance, I was told over $1 sf for maintenance, but I guess the draw could be saying 68 cents now then doubling it to $1.36/sf after everyone moves in lol
I have to say that I lost a little bit of respect for you when you said that you use to sell timeshares. I am not going to unsub because we have all had jobs that we wish we did not do :) I hope you enjoyed my comment...I am going to go and watch the rest of the video.
@@MaesterBK Lighten up Francis. Timeshares were the biggest scams in the 80s and 90s. There are tons of documentaries you can watch about them. Hopefully you didn't buy one. She understood I was just giving her a hard time...I wasn't picking on her or insulting her. Other people got my humor, I'm sorry that you didn't.
@@MaesterBK Lighten up Francis. Timeshares were the biggest scams in the 80s and 90s. There are tons of documentaries you can watch about them. Hopefully you didn't buy one. She understood I was just giving her a hard time...I wasn't picking on her or insulting her. Other people got my humor, I'm sorry that you didn't.
@@MaesterBK Lighten up Francis. Timeshares were the biggest scams in the 80s and 90s. There are tons of documentaries you can watch about them. Hopefully you didn't buy one. She understood I was just giving her a hard time...I wasn't picking on her or insulting her. Other people got my humor, I'm sorry that you didn't.
Please stop selling to mainland transplants. Too many high rises in Honolulu already. Locals can’t raise their children here because of high prices of homes. You’re pricing us out of our homeland!
![New Listing In Downtown Honolulu [1212 Nuuanu Ave.] 🏙️ A Luxury Condo in the heart of Chinatown](http://i.ytimg.com/vi/F2hip8gkd6Y/mqdefault.jpg)
You are so good, so detailed and informative, I hope to meet you in person on my next visit 😊
Aloha Maila, excellent coverage of Kuilei place . I remember earlier days of viewing virtual walkthroughs at the Hawaii Kai Peninsula Colony condos. Back in the day a 1349 sq foot unit would set your back only $442K. As always loving your cool aloha outfits and excellent presentations. See you around Hawaii Kai one day!
Excellent. Thank you!!
Thank you for the video. Will Alia be finished before this one? Are the toilets enclosed, it would have been more informative if you use the last minute to talk about the location of the solar panels 😊
Parking wasn't mentioned? Cost of parking? How many stalls per unit and how many guest stalls available?
included
Very nice presentation. The bad thing about having your deposit held for 24-36 months while waiting for the new condo construction to be completed is that the deposit is non refundable . So say your deposit is $150-200k (20% of purchase price) and you qualify today, although interest rates are expected to decline, you never know what will happen in 3 yrs, you may not qualify due to future interest rates or other qualifying requirements. That's a huge risk to lose all that money.
Facts! On a different building I was qualified to borrow more money because when they did a pre qualification the interest rates were around 4.5%. When it was the actual time to do the mortgage, interest went up to around 7.1% and was not able to borrow as much as when I did my pre qualifications, which required me to have more cash in hand. Also within 3 months of living there, the cost for condo insurance sky rocketed and the HOA fees went up by 30%+.
Edit: Almost all if not all lenders now require full coverage insurance or they will not let you borrow so its almost certain that the HOA fees will definitely be higher than what it is set to now. But anything can change within the 3 years it takes to build.
Wait… my lender lock on 5% … is not that how it works?
@@leternadia is the 5% when you did the pre-qualification letter or did the lender actually lock the rate for 5%? When I did my research for lenders, they only locked it for 6 months - 1 year. Could not find one that would lock it any longer.
Good insight Pete. Yep, that's the gamble. New condo purchases aren't the right play for everyone.
@@dwellhawaii Thank you Maila. And on old condos the gamble is future assessments. In Hawaii Kai (Plaza Hawaii Kai) I've seen the assessments recently at $238 / mo. till 2035. For Pats At Punaluu the Annual assessment for 2024 will be $35,450, due in monthly installments of $2954.17. That's for a 1-bedroom/1 bath. Not sure if that's just for one year or many years. For a newer condo in Kakaako you get a much smaller place for the same price as in Hawaii Kai but no near future assessments and better amenities. What's the better buy for lets say in the $600k - $800k range?
Does the building include deeded parking.
yes
I wonder what time this video was made, the intro was empty haha, when I went to the sales gallery it was packed with people inside and out
special access 😉
Awesome video. Is it in the STR zoning should anyone would want to turn it into a STR?
Great questions, no this is not in STR zoning; purely residential.
No tub in the bath?
2nd bath is tub
I've been thinking about moving to Honolulu a few years ago. I'm a day trader and want to live somewhere where it's sunny with great vibes
Go to California.
Huh, 68 cents and sf for maintenance, I was told over $1 sf for maintenance, but I guess the draw could be saying 68 cents now then doubling it to $1.36/sf after everyone moves in lol
I have to say that I lost a little bit of respect for you when you said that you use to sell timeshares. I am not going to unsub because we have all had jobs that we wish we did not do :) I hope you enjoyed my comment...I am going to go and watch the rest of the video.
🫣
A job is a job, no one should ever criticize someone else for working.
@@MaesterBK Lighten up Francis. Timeshares were the biggest scams in the 80s and 90s. There are tons of documentaries you can watch about them. Hopefully you didn't buy one. She understood I was just giving her a hard time...I wasn't picking on her or insulting her. Other people got my humor, I'm sorry that you didn't.
@@MaesterBK Lighten up Francis. Timeshares were the biggest scams in the 80s and 90s. There are tons of documentaries you can watch about them. Hopefully you didn't buy one. She understood I was just giving her a hard time...I wasn't picking on her or insulting her. Other people got my humor, I'm sorry that you didn't.
@@MaesterBK Lighten up Francis. Timeshares were the biggest scams in the 80s and 90s. There are tons of documentaries you can watch about them. Hopefully you didn't buy one. She understood I was just giving her a hard time...I wasn't picking on her or insulting her. Other people got my humor, I'm sorry that you didn't.
🤜🏽🤛🏽💐
That building just looks like a big obstructive wall.
Just more outside of state home owners. All going to outsiders. No locals allowed.
you could not be more wrong. go visit.
Maintenance fee could be huge in Hawaii.😂😂😂😂
anywhere. try Florida.
🍗🌯🍺
Guam or Oahu? Which island is more your Speedo?
th-cam.com/video/DkTHGkxKf3c/w-d-xo.htmlsi=O7lvg9hi0hBSBrDZ
Please stop selling to mainland transplants. Too many high rises in Honolulu already. Locals can’t raise their children here because of high prices of homes. You’re pricing us out of our homeland!