US$4 million country-homes in Hokkaido to entice foreign buyers

A Tokyo-based real estate company plans to build a number of luxury farm-style houses in Hokkaido to sell to wealthy foreigners. Sales began on September 1, with homes priced from 420 million Yen (approx. 4 million USD).

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Tax bureau busts foreign investors in Niseko

The Sapporo Regional Taxation Bureau has identified several domestic and foreign real estate companies and investors for failing to declare income made on real estate transactions in Niseko. Some say this recent bust may just be the tip of the iceberg.

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Is Furano the next Niseko?

As land values in Niseko skyrocket, investors have been shifting their attention to more affordable ski locations around Hokkaido. One of those destinations is Furano which is seeing an influx in foreign investment and foreign tourists. Located 110 kilometers north-east of Sapporo, or a 2-hour drive, the city is becoming increasingly known for its high-quality powder snow.

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Foreigners buy 373 hectares of forestry in 2018

In 2018, foreign funds purchased 373 hectares of forestry across Japan. According to the Ministry of Agriculture, Forestry and Fisheries (MAFF), there were 30 acquisitions made across seven prefectures.

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Boutique hotel to open in 88-yr old building in Otaru

This month, Tokyo-based developer, Global Agents, will open a boutique hotel in a historic 1930s building in Otaru, Hokkaido. The UNWIND HOTEL & BAR Otaru will have hotel rooms ranging from 15 ~ 40 sqm (161 ~ 430 sq.ft), along with a banquet / dining hall. This is the company’s second UNWIND-branded hotel, with the first located nearby in Sapporo.

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Niseko’s luxury hotel and villa boom continues

There is no end in sight to the current construction boom in the ski resort town of Niseko in Hokkaido, with a number of luxury resorts and private villas under development. Spacious homes and apartments can easily fetch upwards of several hundred million Yen (several million USD). Rising construction costs and a labor shortage, however, are putting a strain on developers.

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Luxury onsen planned for Lake Shikotsu, Hokkaido

Hokkaido Shikotsuko

Tsuruga Holdings will be developing a luxury hot spring resort in Shikotsuko Onsen in Chitose, Hokkaido.

The hotel group plans to demolish the existing Shikotsuko Hokkai Hotel and replace it with a 3-storey, 24-room hotel with completion scheduled for early 2018. The new resort will feature open air ‘rotemburo’ hot spring baths in each room.

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Chinese developer to build luxury resort in Lake Toya

Lake Toya Hokkaido

Goldcommon Group, a Chinese property developer, is investing 10 billion Yen (99 million USD) into developing a high-grade hotel on the shores of Lake Toya in Hokkaido.

The resort will contain approximately 500 rooms for as many as 1,500 guests. The group hopes to create a resort suitable for long-term stays from wealthy tourists from China and other Asian countries. Operations are expected to commence in 2019.

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