Articles > Newspapers > U.S. Newspapers, Local Markets Di-M > Honolulu Star - Bulletin articles > January 2009

Article: Isle condo developers tout incentives

Article from:
Honolulu Star - Bulletin
Article date:
January 20, 2009
Author:
Copyright

There was a time when brand-new condo prices in Honolulu were soaring - but today they are plummeting as developers try to reel buyers in.

From Kakaako to Waikiki, developers are reducing prices and offering limited specials in response to a slowing market.

At the Moana Vista, still under construction by KC Rainbow Development, prices have dropped anywhere between $70,000 to $100,000, according to Allen Leong, director of operations.

Two-bedrooms now start in the low $400,000s.

"We can only deal with the market the way the market is," said Leong. "The only way to attract buyers is to have a really good price."

The 48-story Moana Vista on Kapiolani Boulevard is advertising a close-out sale ...

Read all of this article with a FREE trial

Related newspaper, magazine, and journal articles:

Article: HCDA approves 492-unit Moana Vista condo
Honolulu Star - Bulletin;  September 7, 2006 ;     700+ words ... ... for face=+Bold; KC Rainbow Development LLC face ... build its 46-story Moana Vista tower at 1015 Kapiolani Blvd. In exchange, KC Rainbow agreed to set aside ... approved plans for KC Rainbow's Moana Vista project, which at ...

Article: Sales start soon for Moana Vista high-rise
Honolulu Star - Bulletin;  May 5, 2006 ;     700+ words ... ... simple project, called Moana Vista, will cost an estimated ... director of operations for KC Rainbow II. The project, slated ... Projected prices at Moana Vista are $400,000 to ... bedroom condominiums. KC Rainbow has agreed to satisfy ...

Article: United states : Developer buys Moana Vista condo, ...
TendersInfo;  October 1, 2009 ;     700+ words ... ... based developer has salvaged a deal to buy the partially built Moana Vista condominium tower in Kaka'ako, and expects to resume construction ... signed a contract to buy the property from original developer KC Rainbow II LLC after paying off a $29.5 million lien filed against ...

Article: Honolulu Design Center makes a bold statement
Honolulu Star - Bulletin;  December 12, 2006 ;     700+ words ... ... that is now going to be home to Moana Vista, a residential tower by face=+Bold; KC Rainbow Developmentface=-Bold; , next ... Pacific, while KC Rainbow builds Moana Vista. "We outgrew the old site ...

Article: Bill would toughen Kakaako requirements
Honolulu Star - Bulletin;  March 26, 2008 ;     700+ words ... ... if not stop, all beneficial development in Kakaako. Allen Leong, operations director for KC Rainbow, developers of Moana Pacific and Moana Vista, said the new requirements might have a chilling effect. "It would be seen as an obstacle ...

Article: Developers look again to swapping for density
Honolulu Star - Bulletin;  July 19, 2006 ;     700+ words ... ... the 492-unit Moana Vista condominium project ... agreement allows KC Rainbow to build more residential ... Allen Leong, KC Rainbow's director of ... summer were between Moana Vista, Public Storage ... said Leong. KC Rainbow estimates a loss ... floor area for ...

Article: New condo planned for Ala Moana
Honolulu Star - Bulletin;  November 27, 2007 ;     700+ words ... ... Another nearby condominium, Moana Vista, is under construction. In June ... operations for face=+Bold; KC Rainbow Development LLCface=-Bold ... Moana Pacific and the 492-unit Moana Vista on Kapiolani Boulevard, said the ...

Article: Kakaako high-rise plans are curtailed
Honolulu Star - Bulletin;  October 16, 2008 ;     579 words ... ... Leong, director of operations for KC Rainbow, which built the twin Moana Pacific towers and is now building Moana Vista, says he can feel the difference ... by February or March 2010, when Moana Vista is expected to be completed, the ...

 
 
Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 80 million articles! Access over 6,500 publications with a FREE trial!

Find articles, research, and archives