Condos Real Estate Stories

Kapiolani Residence: Market unit launch

Project Overview

Kapiolani Residence, a residential project going up on Kapiolani Boulevard is getting ready to start market rate unit sales. The 45 story tower developed by Sam Koo, will feature 192 moderately priced market rate units. The 292 affordable housing units also available in the building will be picked by lottery near the end of October/early November (applications for the affordable housing units were due August 31st 2016).

The 192 moderately priced market rate units are made up of 69 one-bedroom units, 83 two-bedroom units, and 40 three-bedroom units. The market rate units will also be sold by lottery, giving potential buyers a 30 day window to submit the necessary paperwork to enter.

Some of the necessary qualifications are:

  1. U.S. citizen our Permanent Resident Alien.
  2. Hawaii resident.
  3. Intent to occupy the property at closing.

There is no shared appreciation of any kind for these units, with being an owner-occupant for 1 year being the only requirement. No pricing has been released yet.

Building Features

  • Recreational Deck & Indoor Party Room, BBQ Grills, Cabanas
  • Assigned Parking in a 9-Floor Garage with a Covered Walking Bridge
  • Electric Vehicle Stalls Available
  • Covered Building Entry using FOB Key System
  • Resident Manager
  • Secured by Closed-Circuit Television (CCTV)
  • Reception Desk & Mailroom
  • Elevator Lobby: 5 Elevators (1 Service)
  • Designated Ground Level Loading Stall in Parking Garage
  • Bicycle Storage

Unit Features

  • Private Lanai
  • Samsung Appliances
  • Samsung Split AC System, Heating, Ventilating & Air Conditioning (HVAC)
  • Stacked Washer & Dryer
  • Wired for Technology
  • Luxury Vinyl Plank Flooring in Entry, Living Room, & Kitchen
  • Carpeted Flooring in Bedrooms
  • Walk-in Closet with Built-in System or Freestanding Closet System

Distance to Rail – 0.4 miles /7 minutes walk

Kapiolani Residence Pricing

Kapiolani Residence Market Interest List

  • This field is for validation purposes and should be left unchanged.

You Might Also Like

  • Helen
    October 15, 2016 at 12:15 am

    Holden, I am a US citizen but currently I am not a resident of the state of Hawaii. But I would like to retire and live in Kapiolani Residence in a few years. Do I qualify to buy a market unit?