Asian property buyers flock to Hawaii

Posted: Aug 13 2014Last Updated: Jan 8 2016
Share:

Ritz Carlton Waikiki13 August 2014 - With its multicultural community, Hawaii continues to attract considerable interest of  wealthy Asian, and particularly Chinese, property buyers due to long-standing connections with the continent, its location, amenities and recent direct flights from both China and Taiwan. Chinese buyers tend to be most attracted to the eastern section of Oahu and the upscale area of Waialae-Kahala, with new developments such as the Ritz-Carlton Waikiki popping up along the ocean shores and selling at over USD3,000 /sq.ft (HKD23,400 /sq.ft). Increased demand has contributed to the average home in Oahu rising 8.1% this year to approx. USD890,000 (HKD6.94M).

Prices of homes in Honolulu, the tourist and trade centre of Hawaii, also recently surpassed 2006 records, with stable growth expected in the medium term.

Please click here for more details.

You May Also Like

Hong Kong Property Market Forecast 2018

25 January 2018 - As expected, the 2017 residential housing market ended strong, with first-hand and second-hand property sales valued at HK$15.8 billion and HK$26.1 billion respectively, bringing the annual residential unit transaction amount to H
By: OKAY.com

Mount Nicholson House Becomes 2nd Most Expensive Home in Asia

Selling at HK$56,843 per square foot, Dynasty Court on Old Peak Road has also set a record.19 March 2018 - Fetching HK$151,785 per square foot in a tender offer, a house at No. 2 Mount Nicholson has made Hong Kong property market headlines for becom
By: OKAY.com
More Insights

Tight on time? Let us do the searching for you!

OKAY.COM App
OKAY.COM - iOS App StoreOKAY.COM - Android Play Store
Let's Connect
15/F, Wilson House, 19-27 Wyndham St., Central, Hong Kong
+852 2102 0888
Do you want to login
You already have an account with us? How about logging in?