This week our team visited Kaliu, a new condo in Kakaako that will break ground in 2026 and is aiming for a 2028completion, which I assume will be delayed. Kaliu is a 'front row' luxury condo building on Ala Moana blvd at Coral st, which is directly across from the Chevy dealer by the Kakaako waterfront park.
The thing I love about new construction is that you can lock in the price and then wait 3-4 years, which can be a great hedge against inflation and rising prices in general. For a 5% deposit, you get 30 days to think about the decision, and then there is another 15% due in June of 2026. But then you don't have to complete the sale until the building is done, so you just wait for prices to rise. This has been amazing in the past, where many people have often made over $200k in gains before their building was even completed.
This particular building has a few advantages over some others, the first of which is that it will be right across the street from Salt, where there are several cafes and restaurants. While Ward village down the street has more high end restaurants, Salt is more suited for your daily coffee and sandwich or breakfast, with more moderately priced options.
Kaliu also has larger 3 bedroom condos that span the entire front width of the building - so that they get the view of both Diamond Head to the East and the airport side facing West. There aren't many other buildings that offer that wide view, and that's probably why many of the high floor 3 bedroom units have already sold, even though they are north of $5million.
As of November 2025, there are still many units available starting at about $900k for a 1 bedroom plus den, which is almost certainly going to be used as a 2 bedroom by many people. I think this is maybe the best entry value, since the 2 bedroom units start at about $1.25mil and aren't all that much larger.
The prices are lower than what I see right now at Victoria place, but higher than the Collection across the street. This seems in line with the market, since Victoria place has more amenities and is in Ward Village.
Here are some of the price ranges of each type of unit in the floor plate of Kaliu:
And there are a lot of amenities at Kaliu, like a pool, hot tub, dog park, men's and women's spa, entertainment rooms, a gym, and more. Here's the deck layout:
The kitchens are very modern and simple, and they make me want to do another remodel on my own kitchen, for the 3rd time in 20 years. Here's what they look like:
And the view from this building is going to be amazing, and most likely will never be blocked, since it has the Kakaako waterfront park in front of it.
We just had a client reserve a 2 bedroom unit this month, and I expect a few more will follow soon. Since the Hawaii real estate market has been quite slow for the past 3 years, we fully expect the market to pick up and for prices to rise in the next few years.
So, this new condo in Kakaako, directly across from Salt, is one of the best bets on long term price gains in our market. For more info, contact us.