New development in Niseko sees strong sales

Sales in a new resort project in Niseko are off to a strong start with all villa lots sold. ‘Intuition’ is a condo-hotel and holiday home resort development by Hong Kong developer Zekkei Properties. 

It sits on a 1.5 hectare site just along the street from The Vale Niseko and two minutes walk from a ski lift. The projext includes a 6-storey, 32-room condo-hotel and 10 detached villas. Completion is scheduled for November 2020. Sales of the villas started last December and all lots have been sold. Lot sizes ranged in size from 680 ~ 1,000 sqm and come with hot spring water. 

The condos will range in size from 32 ~ 400 sqm (344 ~ 4,304 sq.ft), with room types ranging from studios up to six-bedroom units. Prices are said to range from around 60 ~ 700 million Yen (Approx. 536,000 ~ 6.3 million USD), which is similar to pricing of high-end apartments in central Tokyo. A 31 sqm studio apartment is priced at 58.5 million Yen (approx. 523,000 USD), or around 1,887,000 Yen/sqm (approx. 1,570 USD/sq.ft). A 295 sqm penthouse unit is priced at 730 million Yen (approx. 6.5 million USD), or around 2,475,000 Yen/sqm (approx. 2,055 USD/sq.ft). 

The boutique developer is also working on Fenix Furano, a ski-in ski-out 33-unit serviced apartment project due for completion in 2020.

Source: The Hokkaido Shimbun, April 18, 2019.

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