Land Investment and Hawaii

A Couple of Good Reasons to Buy Land In Hawaii

• The land use division of the State of Hawaii allows only 5% of the islands to be open for urban development, making the land very difficult to acquire, and entitle. That is why, Puainako Heights subdivision projects holds a great value as a residential community plan at the urban growth direction of the largest city of the Big Island.

• The land ownership in Hawaii is “Fee Simple” – which is the highest level of property ownership status. Once you purchase the land, you become the sole owner of it. The land is yours forever, and its ownership can be passed on to your children as well.

Hawaii Investment Journal

Because of their rarity, properties in upscale neighborhoods have a very high per-acre value. In 2015 52.2 acres at Mauna Kea on the Gold Coast were sold for nearly $15 million that makes an average of $283.000 per acre. A year before, Reignwood International of Thailand, purchased 1,103 acres of resort area for $343 million.

The China Oceanwide Holdings acquired nearly 23 acres for $200 million planning to spend a total of $580 million to build three luxury branded hotels and one residential condominium. The Holdings also signed an agreement to turn 642 acres of land into a brand new resort, with an investment of over 2 billion dollars.

Hong Kong’s Qinghua International Holdings bought $21 million worth of properties near a shopping mall, in addition to a business tower purchased for $12 million. Similarly, the Hawaii-based real estate development firm ProsPac Holdings Group LLC (which is primarily supported by Chinese investors) recently made new purchases in downtown for almost $10M per-acre, and expected to develop a major mixed-use project that includes a variety of residential and retail spaces.

Investments of great size are not limited to land-based purchases in Hawaii. Dalian Wanda Group became the new owner of the Ironman race for $650 million. The biggest race event in the World, Ironman, attracts more than 2000 athletes worldwide and takes place in the Big Island.

Its vast fertile lands surrounded by stunning views and serene atmosphere make the Big Island a preferred real estate investment location.

Today, world’s leading entrepreneurs buy land and real estate from various regions of Hawaii and the Big Island in particular. Among the billionaires who own property here, are successful businessmen like Michael Dell, Paul Allen, and Charles Schwab.