Pacific Business News
Honolulu, Hawaii - A Singapore entity has purchased 2.6 acres of oceanfront property in Aina Haina from the Outrigger Canoe Club for $13.5 million.
The property at 5415 and 5345 Kalanianaole Highway contains a "cozy" five-bedroom home, said Patricia Choi of Choi International. The property was bought by Boon Han Holdings PTE. Choi said that the property could be developed or remain as is.
Maggie Huang, vice president of Choi International, represented the buyer.
The two parcels were previously listed for $16.3 million.
The Waikiki-based Outrigger Canoe Club, which had a deal to sell two parcels adjacent to Kawaikui Beach Park at the foot of Hawaii Loa Ridge to an Idaho-based nursing home and rehabilitation center operator that fell through earlier this year, paid $13.2 million to buy the property from a Japan-based entity in 2008. Read more...
