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HCDA approves Gentry Homes reserved-housing prices for Kaʻulu increment 3
Summary
The Hawaiʻi Community Development Authority on March 5 approved pricing for Gentry Homes’ increment 3 reserved-housing units at Kaʻulu, after discussion about slow sales, pricing strategy and data staff should collect for potential future rule changes.
The Hawaiʻi Community Development Authority approved pricing for Gentry Homes’ reserved-housing units in increment 3 of the Kaʻulu by Gentry development during its March 5 Kailailoa board meeting.
The board voted 7–0 with one member excused to "approve pursuant to the findings of fact, conclusions of law and decision and order dated 02/02/2022" for application KAL21-005, allowing Gentry to price the reserved units for increment 3 at the levels presented to staff.
Ryan Tam, HCDA director of planning and development, told the board the increment 3 prices are essentially the same as prior increments: $610,000 for a two-bedroom, two-bath reserved unit and $685,000 for a three-bedroom, two-bath…
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