Ka Malanai, the new construction condominium in Kailua, was discussed at the Windward Regional Meeting of REALTORS recently, at the Mid-Pacific Country Club. Formerly called the Ironwoods, this development is the first new construction condominium development in Kailua in decades.
Several key personnel from D.R. Horton were in attendance to speak on the new Ka Malanai condominium development, to give updates, and to answer questions.
Of interest was the following information:
Pricing: $400-900K, for 1 to 3 bedroom units. They still have not gotten any more specific on pricing at this time.
Reservation System: Ka Malanai will use a lottery system and will offer units, by building. The lottery for Ka Malanai will be publicized in local media for at least two weeks prior to starting. And, as I understand it, if you are selected for one building and the unit type you want is no longer available, you can select another available unit in the building, but are not autmatically eligible for a unit in another building. The lotteries will be held one building at a time, as they are completed.
Completion: The buildings will be completed one at a time, starting from the North (Kailua Town) side of the Ka Malanai development and heading toward Enchanted Lake. It appears that there may be only 5 and not 6 buildings now.
Upgrades: There will be a base kitchen/appliance package available and an upgraded one, as well at Ka Malanai
Pets: Ka Malanai will be a pet-friendly building.
Floor Plans: Three floor plans have been realeased, this far.
Advice of Realtors: You can use your own real estate broker to represent your interests in your purchase Ka Malanai and they will compensate your broker, but you must register your brokers name with Ka Malanai.
If you would like more information or need assistance with your Ka Malanai purchase, please do not hesitate to email or call Home Shoppe Hawaii at 808-721-8088.
~Aloha~