Buyer restrictions have been removed for Lihue's affordable housing called Kamamalu. These brand-new, 2 bedroom condominiums are now available to all buyers including investors. This project was an offset to the Kauai Lagoons luxury condos & homes and was intended to provide affordable housing to Kauai residents. Demand was less than expected and less than 1/3 were sold as affordable units.
More information and a video will be posted soon.
I think originally they were selling them leasehold. Now that they are fee simple they're a much better deal. I noticed your Makahuena got reduced. My client is now no longer interested, How ya figga?
Hi Richard, I'm looking forward to seeing the video when you have it available.
How is life over in paradise?
Richard this sounds like good news to me. The number of sales should increase now that restrictions were lifted. Look forward to the video.
Enjoy whats left of the weekend.
Maybe those who could qualify to own one were not able to qualify for the mortgage!
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