Monday, November 26, 2007

New construction in Oahu Hawaii! Royal Kunia is back!

On the West side of Oahu is one the best places to get an "affordable" newer home for about $600,000. Royal Kunia is a great master planned area just north of Ewa Beach. You pay more than in Ewa because there is way less traffic, and you get a couple great shopping centers and a fantastic golf course.

There are currently about 1900 homes in Royal Kunia, and more new homes that means adding a lot of infrastructure before it begins, but The Advertiser reported today that the developers of Royal Kunia 2 expect to break ground by the end of next year and complete the first of 2,000 new homes as early as 2010.

That's great news for some, and bad news for others. The Ewa, Kapolei, Makakilo region is going to grow by more than 10,000 new homes over the next few decades. More traffic and more problems with the infrastructure. That many news homes will require a lot of new sewers, utilities, streets, schools, stores, etc.

The developer is required to put in more and better roads, a new school and a new recreational center with a community pool, which the residents will enjoy in the hot West Oahu summers.

Also, the developer has to make 30 percent of the units affordable for those making between 80 percent and 120 percent of Oahu's median income.

When you look at the prices and quality of homes in Royal Kunia, it's pretty amazing how much farther your money goes than in East Oahu, Hawaii Kai, Kailua, and Diamond Head. $600k won't even buy you a tear down in East Oahu, but it buys you a near new 1800sqft home in Royal Kunia. Sure the beach is farther and the summers are hotter, but if you have a limited budget and you can deal with more traffic into town, Royal Kunia is a great option.

When the new school and community center are built in a couple years, that will make it all the better.

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