Luxury plants and palm trees play and follow the same rules of supply and demand like real estate in Hawaii does. When it is rare and hard to find it will cost a lot more than the typical product. For example the small buckets offered for sale at Home Depot can run approximately $250 for each one. Where as the tall red wax palms demand $750 for each one. The reason for this is supply and demand. Supply is small and limited because these beautiful palm trees take a long time to grow. Therefore patience is something that people will surely pay for. Just like when a buyer is in search of that perfect rare Hawaii home, they might have to wait years to find it.
Nurseries on the Big Island are limited in supply of this beautiful plant as well. Usually, on the Hilo and Puna side you will get lucky and have a better chance of finding what you are looking for. The spectacular plants love water, and a lot of it. As a matter of fact, if you walk through Ala Moana mall on Oahu they are sitting in water soaking all day. Can you believe it, that is how much they love the wet climate. This is another reason why this plant thrives in places like Hilo and the Hamakua Coast. Hawi, Waimea, and North Kohala are three more locations on the Big Island of Hawaii that you can spot them in front of luxury homes and estates. The color is what it is all about. The red glistening stem and stalk are super incredible. They compliment the green leaves very well.
Cyrstoachys Renda - the true name of the red sealing wax palm. It is native to the following places; Thailand, Malaysia, Sumatra, and also Borneo in Indonesia. The one reason for it's name is the distinctive red wax fronds it proudly shows off. This wax that the name refers to is the same one used in sealing letters. The seeds can be super slow to germinate, sometimes even up to one year or more. On the Big Island the resorts custom homes almost all have some dispersed throughout.
The plant is so beautiful that even just 1-2 of the in your yard is all you need. The statement is a powerful one and we highly recommend all of our buyers to use these whenever they can in their landscaping designs. If sellers are looking to go on market it may not be a bad idea to add these to your property too. The red sealing wax palm is one of the highest desired plants in the world. A true Hawaii trademark especially on the Big Island and Kohala Coast landscaping when it comes to luxury Hawaii real estate.
Resorts to spot red sealing wax palms on the Big Island:
Mauna Lani Luxury Resort Homes
Contributed by Paul Adams, Broker in Charge - Luxury Big Island
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