From Pacific Business News:
There seems to be no end to the interest in Hawaii real estate from Japanese investors, even though there’s been a slight dropoff in the number of tourists from Japan.
Sal Miwa, CEO and chairman of Myland Hawaii Realty Ltd., which is based in Japan and has mostly Japanese clients, told PBN that the firm has been getting many requests from clients to find Hawaii properties to invest in, especially in Waikiki and Kakaako…There have been many Japanese investments in Hawaii over the years, including hotels, golf courses, residential and other types of commercial properties. Another Asian country, China, has also started to invest in Hawaii.
Read all about how Chinese investors are buying their pieces of Paradise, taking advantage of Hawaii’s proximity, culture and economic and educational opportunities in the cover story of the Oct. 10 print edition of Pacific Business News.
Photo by Tina Yuen/Pacific Business News.
Duane Shimogawa of Pacific Business News reports that Facebook founder Mark Zuckerberg is “likely buyer of a 357-acre beachfront estate” called Kahuaina Plantation on Kauai. The property was listed last year for $70 million. A sales presentation for the property reads:
Kahu’aina Plantation is a vast and pristine oceanfront property that offers the rare opportunity to create a stewardship to last for generations. Set atop the dramatic cliffs and serene shorelines of Kauai’i, Kahu’aina Plantation embodies everything alluring about the island — soaring coastal expanses, lush and sustainable land, gentle waves, and sandy beaches… The project’s entitlements and terrain allow for a flexible configuration of up to 80 homesites. Buyers may build the master planned development, a community of larger estates, or a beachfront family estate as a legacy property with embedded entitlements. Kahu’aina Plantation may be the last large beachfront parcel developed on Kaua’i.
PBN notes that Zuckerberg had previously bought several multi-million dollar units in the ONE Ala Moana luxury condominium project.
This is a one-of-a-kind property along the rarely available shores of South East Oahu.
This one-third acre corner lot in Aina Haina features an unobstructed ocean view from Koko Head to Diamond Head. Built in the 1940s, there are three island style beach cottages and a separate elevated studio on the property. The property has a shared pool and spa, which was newly tiled this year. The property grounds and homes are all well maintained and show very well. The current owners have lived at this address for over 35 years and their pride of ownership is evident.
It’s perfectly situated away from the main highway, fronting both ocean and stream. The marquee feature of the property is the 70 plus linear feet of oceanfront, steps away from reef walking, popular surf spots and a secluded stretch of sandy beach. This property offers so many options for both investors and families looking for a waterfront property in an exclusive area.
Aina Haina is a great neighborhood, located midway between Kahala and Hawaii Kai, where you have the tranquility set apart from urban life, but the conveniences of being 10 minutes from town and within walking distance to the newly renovated Aina Haina Shopping Center.
Prudential Advantage Realty
Eathan Cimdins Ozawa