The price of land in Honolulu is higher than in any other major US urban area. This paper examines several determinants of the supply and demand for land and discusses their likely influence on Honolulu's land price. It utilises comparisons between demand and supply conditions in Honolulu and in...

In the mid 1960s there were about 22 000 single-family leasehold homes in Honolulu. Dissatisfaction with leasehold led to reform legislation in 1967, allowing lessees to buy leased land. By 1991 less than 5000 lessees remained. This paper examines why landowners elected to lease rather than sell...