by A. Kam Napier, Editor-in-Chief, Pacific Business News
The Howard Hughes Corporation (NYSE: HHC) announced Friday that it is launching sales for the reserved housing program in its newest Ward Village project, Ke Kilohana at 988 Halekauwila St.
Applications will be available from Saturday, March 26 until Sunday, April 3, at the Ke Kilohana Sales Gallery in the IBM Building at 1240 Ala Moana Boulevard, open daily from 10 a.m. to 5 p.m. Completed applications must be returned in person between April 8 and April 13. Buyers will be selected in a lottery to be held April 15 via webcast, with home selection beginning on April 16 based on lottery placement and running throughout April.
In a statement, Ward Village explains, "The lottery will simply assign an appointment date, according to the selected order, for the buyer to come in to select his/her home and complete the contracting process. Buyers will be informed of their appointment time via email."
There are 375 reserved housing residences reserved for qualified buyers in the 43-story, mixed-use condominium high-rise. These include one-bedrooms priced from $323,475 to $442,246, two-bedrooms priced from $473,789 to $538,612, and three-bedrooms priced from $521,774 to $560,774. The tower also includes 49 market-priced residences.
Competition for the reserved housing units may be stiff — Ward Village notes that more than 3,500 people attended informational seminars on Ke Kilohana in over December, January and February.
For more information, visit kekilohana.com.
On Thursday, PBN reported on statements by The Howard Hughes Corp.'s CEO, David Weinreb, that luxury sales in the Ward Village and Kakaako area are hitting their limits.
COURTESY OF PACIFIC BUSINESS NEWS