The most common questions from investors
1. Is it a good time to buy 2020?
2. With so many luxury condos coming up, where are those buyers coming from?
3. Is it a good time to sell in 2020?
4. Hows the rental market in Hawaii right now?
Let’s take a look at 10 states with the highest negative equity rates after the housing bubble in the past.
Hawaii economy: despite the trade war which affects the number of Chinese visitors to Hawaii (dropped about 36% in 2019), Hawaii's GDP is predicted to grow 2.6% in 2019 and 1.4% in 2020 and 2021. With rising wages and a good employment rate, residents will be able to support higher apartment rental prices.
Here is the forecast into 2020 and 2021 according to Hawaii economic report by Hawaii.gov.
The Hawaiian economy is still good and wages have risen over 4%. Solid demand for rental units and new constructions. The rental market is still good in Hawaii as well as in the past.
Honolulu Oahu Real Estate Forecast
The most recent December 2019 stat has come in as followed
We are finishing up 2019 with a strong number and as you can see the median price for both condo and single-family home remain strong.
由以上的圖我們可以了解夏威夷房地產的價格還是非常穩定。韓國的一位富豪收購了4塊土地在 KAPIOLANI Blvd 上，由此可見其實外資還是非常看好夏威夷前景。
您可能想知道夏威夷的豪宅市场如何。Azure，Sky Ala Moana，Central Ala Moana，Illilani和Victoria Place等新项目在2019年已經开始销售。Azure和Sky Ala Moana的销售情况非常好，已经在建设中。Central Ala Moana銷售已經結束，Victoria Place是Kakaako最新的销售项目。这也是一线海景建筑。无限制的單位销售已经开始，并且销售不錯。自住单位也即将开始销售。这些成功的销售结果表明，夏威夷房地产市场并未像许多人预期的那样疲软。这个数字说明了一切。 而2019年 雖然許多投資人抱著觀望的態度，夏威夷房地產依然還是有不錯的數據。 300萬以上的豪宅的確在銷售上緩慢了下來不過夏威夷的房產需求仍然是高。
Hawaii's government predicts a 19% growth in population by 2025. Demand for Honolulu is 25847 units during the 2015-2025 period
The west side of Oahu, Kapolei and Ewa, is still developing new houses and the demand is still high. We have a constant influx of new soldiers and their families into the state and many of them chose to purchase homes in Hawaii. This also makes supplies of new home availability lowered for local residents.
You may wonder how about those luxury homes market in Hawaii. We see the new projects such as Azure, Sky Ala Moana, Central Ala Moana, Ililani, and Victoria Place starting sales in 2019. Azure and Sky Ala Moana are selling very well and are already in the middle of construction. Central Ala Moana was sold out so is Ililani. Victoria Place is the newest sale project taking place for Kakaako. This is also the first-line ocean view building. The unrestricted sale has already begun and sold very well. The owner-occupied units are about to start its sale soon. The result of those successful sales shows that the housing market is not weakened as much as many have anticipated. The number speaks for itself.