Kuilei Place | New Condos

KUILEI PLACE

2599 Kapiolani Boulevard

"Affordable, Market & Investor units now available!"

NOW SELLING : Kuilei Place is a new condo development coming soon to the east end of Kapiolani Boulevard by Kobayashi Group, a well respected local company with a host of iconic properties under it's brand including Hokua, Park Lane, and ONE Ala Moana.

Kuilei Place is designed with Kama'aina in mind and will consist of 1,005 homes in two towers with 1, 2 & 3 bedrooms. Both Affordable and Market homes will be offered.

Situated on over 3 acres of prime Honolulu real estate, Kuilei Place will be thoughtlfully and purposely built with high quality, sustainable elements as an entryway for our Kama'aina community to elevated, yet attainable homeownership.

CATEGORY : Affordable-60% | Market-40%

INTRODUCING : HHFDC’s new Dwelling Unit Revolving Fund Equity Pilot (DEP) program;

Offering 23 DEP Program Residences starting at $523,400 in fee simple.

Choose from a total of 54 designated 2 Bd/1Ba 140% affordable priced units.

DEP Program Equity:

$626,700 to $627,700 - Purchaser Price.

$103,300 - DEP Program Equity.

$523,400 to $524,400 - Qualified Purchase Price.

The DEP program allows HHFDC to purchase equity – contribute funds to buydown the sales price with buyer 30-year repayment option - in designated starter units for qualified purchasers. Request The DEP program affidavit and information below.

To be eligible for HHFDC’s DEP program (eligible buyer), one must: 1.Be approved by HHFDC for a Kuilei Place affordable unit; 2.Own no other real property; 3.Receive no gift funds; 4.Work in a profession that is facing a shortage as defined by HHFDC, including nurses, teachers, police officers, and agricultural field workers. To be approved for an affordable unit, one must be a “qualified resident”: 5.Is a citizen of the United States or a resident alien; 6.Is at least eighteen years of age; 7.Is domiciled in the State of Hawai‘i and will physically reside in the unit to be purchased; 8.Has a gross income sufficient to qualify for the loan to finance the purchase (as evidenced by a Pre-Qualification Letter from a Project Lender); and 9.Does not own a majority interest in real estate property by oneself or together with household member or spouse, except when husband and wife are living apart under a decree of separation from bed and board issued by the family court pursuant to Hawaii Revised Statutes § 580-71. Affordable unit buyers must meet all HHFDC eligibility and household income requirements with units subject to HHFDC’s Use, Sales and Transfer (Buyback) Restriction and Shared Appreciation Equity (SAE) Program restrictions. These units will be made available to any approved “qualified resident” without regard to race, sex, color, religion, marital status, familial status, age, or human immunodeficiency virus infection. Kuilei Place is a proposed project that is being developed by 2599 Kapi‘olani, LLC and does not yet exist. All figures, facts, information, and prices included in this advertisement are approximate and subject to change at any time.

INQUIRE NOW : For DEP Program Information, Current Price List, Floor Plans and More!

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AFFORDABLE HOMES

1 - BEDROOMS

$370,600 - $557,800

494 - 640 sf
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2- BEDROOMS FROM

$521,800 - $732,300
677 - 781 sf
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3 - BEDROOMS FROM

$695,900 - $813,300
925 sf
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MARKET HOMES

1 - BEDROOMS FROM

$685,000 - $780,000
650 - 640 sf
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2- BEDROOMS FROM

$893,000 - $1,099,000

883 - 987 sf
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3 - BEDROOMS

$989,000 - $1,250,000
1,075 sf
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