Hawaii

High-ranking, English-speaking, people with over 100 million people and continuous human bonuses. It draws attention from investors around the world, who have many of the factors behind rising real estate prices.

Updated as Jan 01, 2022

Basic information

Official Name

Hawaii (separate from USA)

Capital

Honolulu

Country Leader

David Ige

Population

1,441,553 million

Currency

Hawaiian Dollar

Form of Government

Monarchy

Industries

Tourism, defense, raw sugar and molasses and fresh and processed pineapple.

Distance from Korea

7,551 km - 9h 28min

Immigrants Ranking

#31 - 7000 Koreans

Real Estate Available to International Buyers

22%

Investor information

GDP growth rate

Hawaii

3.9

Korea

1.36%

* Average of GDP forecasts from 2021 to 2025

Real estate prices will rise as GDP grows

Population growth rate

Hawaii

7.00%

Korea

-20 million people

* Forecast population from 2020 to 2050

Increasing number of people and age of birth will drive demand for offices and housing.

Local language

Hawaiian and English

Real estate prices will rise as GDP grows

Urban population rate

Hawaii

91.90%

Korea

-20 million people

* Urban population rate as of 2019

The small number of urban people indicates that there is a demand for urban development

Demographic dividend end year

*Reference

Malaysia

2050

Malaysia

2050

Malaysia

2050

Malaysia

2050

Malaysia

2050

Malaysia

2050

The demographic dividend period refers to the period when the rate of increase in the labor force is higher than the rate of increase in the population and the labor force for the population becomes abundant, thereby promoting economic growth. (Wikipedia)

General comment

*Reference

Foreigners can legally own condominiums (offices, houses, hotels). Since the system for foreign ownership is in place, a condominium title can be issued and held. Since many nationals can master Business English, many multinational companies have set up new hires by placing call centers and back office functions in the Philippines. Plans for railways and subways, which are being promoted mainly by Japan, are also underway. It is far from the image of the Philippines, which is already insecure a long time ago, and we can expect further development in the future. There are many positive factors in Southeast Asia in terms of “human increase (bonus)”, “GDP growth”, “language”, “wage increase”, etc., which are important for forecasting the future of real estate, and real estate investment is medium-term even in the short term. There will be no problem even in the period.

Real Estate Indicators

Annual Real Estate Price Rise (City)

Honolulu (Capital)

22%

Korea

-20%

Yield

Honolulu (Capital)

5.67%

Korea

-20%

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