After successfully completing and delivering the Azure Ala Moana project in the United States by the end of 2021, the group quickly signed a land purchase agreement with The Kamehameha School, the largest landowner in Hawaii, in early 2022 to develop the comprehensive real estate project, Kaliu, located in the newest community of Kaka'ako in Honolulu.

      The Kaliu project is situated on Ala Moana Boulevard and boasts breathtaking ocean views. Given its exceptional location in the city center, the group has positioned this project as a high-end condominium, with some units featuring private elevators and garages. The world-renowned interior design firm, Olson Kundig, has been engaged to create the interior finishes and public areas of the building.

      Our group plans to invest $450 million in this project, which spans an area of 105,000 square feet, with a total built-up area of approximately 480,000 square feet. This includes around 300 units of high-end residential apartments and a 40,000-square-foot large supermarket, along with 700 parking spaces. The project is currently undergoing government approval in the state of Hawaii and is expected to be approved in the third quarter of 2023. The group plans to commence sales of the Kaliu project to the public by the end of 2023 or early 2024.