Japanese tycoon has a low-cost vision of posh Oahu - Los Angeles Times: "It's not cheap to live on Honolulu's Kahala Avenue. At least, it's not supposed to be.
A 'tear-down,' as one broker cheerfully described it, is on the market for $2.1 million on the palm-lined, oceanfront thoroughfare just east of Diamond Head. A vacant three-lot plot on the beach sold this month for $34 million, a record price for a piece of residentially zoned land here.
So how about living in a five-bedroom beach house for $150 a month?
Japanese billionaire Gensiro Kawamoto raised plenty of eyebrows - and hackles - when he recently announced vague plans to rent several of his 18 posh Kahala properties to low-income 'native Hawaiians' only. "
Tuesday, October 31, 2006
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