Limited land supply makes buying or building a house in Hawaii very expensive. Still, single-family homes and condominiums saw a year-over-year increase in Oahu as of October, according to Sotheby’s . The latter began the fourth quarter ahead by 1.5 percent from 399 to 405 sales. As many as 10 new condo developments have been introduced to the Aloha State’s capital of Honolulu in the last decade, many of them in Ward Village, a master-planned neighborhood across from popular Ala Moana Beach and just to the northwest of Waikiki.
This December, the Howard Hughes company opened the doors to a 40-story luxury residential tower named Victoria Place . One- to three-bedroom homes span the glass-walled building, which comprises 350 residences that offer panoramic ocean and Diamond Head views. Sales launched in 2020, though, with 70 percent of its units selling in the first three months. It now stands as Ward Village’s most successful residential project to date, with sales exceeding $6 billion.