Posts Tagged “Hokkaido”

700 million USD condominium, hotel and retail project for Hokkaido’s Rusutsu Resort

700 million USD condominium, hotel and retail project for Hokkaido’s Rusutsu Resort

Kamori Kanko, a Sapporo-based hotel operator, is planning an 80 billion Yen (approx. 717 million USD) overhaul of the Rusutsu Resort in Hokkaido. The first stage of the project will include a 148-room luxury condominium-hotel with construction set to start next spring. The condominium will be called The Vale Rusutsu and will be 11 storeys…

Niseko luxury condominium/hotel opens this month

Niseko luxury condominium/hotel opens this month

AYA Niseko, a luxury ski-in ski-out condominium/hotel located on the Grand Hirafu Resort ski slope, opened its doors this month. The 79-unit building is already almost 90% sold out, with the final few apartments expected to sell over the ski season. The majority of apartments were in the 88 ~ 90 sqm range and priced…

Luxury boutique hotel planned for Otaru, Hokkaido

Luxury boutique hotel planned for Otaru, Hokkaido

A Sapporo-based real estate developer is planning a small luxury hotel within the grounds of a historic villa in Hokkaido’s Otaru City. The boutique hotel is scheduled to open in July 2017. It will be connected to the historic residence next-door which is operated as a restaurant. 

Investment company takes over stalled resort project in Hokkaido

Investment company takes over stalled resort project in Hokkaido

MA Platform, an investment company affiliated with Mori Trust, is planning a large-scale resort development catering to foreign tourists in Hokkaido’s Tomakomai City. Construction is scheduled to start in 2017 with partial completion by 2020 and full completion by 2026. The 1,057 hectare site is privately owned forestry which is being leased out by the local landholder….

City in Hokkaido to buy mid-century bank building

City in Hokkaido to buy mid-century bank building

Kushiro City in Hokkaido is moving ahead with plans to buy the former Bank of Japan Kushiro Branch in an effort to preserve the 63-year old building. The city had earlier considered to converting the building for public use, but the estimated 1.5 billion Yen (12.4 million USD) repair bill proved too costly for the city’s budget….

Tokyu plans luxury apartments for Niseko

Niseko Tokyu Resort, part of the Tokyu Group and operator of the Niseku Mt. Resort Grand Hirafu ski resort, will be developing a luxury condominium near the ski field. Construction is scheduled to begin in July, with completion expected at the end of 2016. Over the years a number of foreign developers have been steadily…

Foreign developers caught by zoning regulations in Niseko

Foreign developers caught by zoning regulations in Niseko

Development in parts of Niseko’s ski fields is being stalled due to inconsistencies between national and prefectural government building approvals. In recent years, a number of hotels in Niseko have been purchased by foreign funds, closed down and in many cases demolished. The foreign developers acquired the hotels with the aim of building condominium-type hotels…

Aussie investors in Niseko investigated for non-payment of taxes

Japan’s National Tax Agency has discovered that 10 Australians have neglected to pay capital gains tax on the sale of real estate in Hokkaido’s Niseko area. Approximately 56 million Yen (570,000 USD) in tax is owed, with an additional 14 million Yen (140,000 USD) in penalties.  

PM companies leaving Hokkaido amid Sapporo office market slump

PM companies leaving Hokkaido amid Sapporo office market slump

Several real estate property management companies have begun to close down their offices in Sapporo, Hokkaido, as the local commercial market continues to decline. At the end of March, Jones Lang Lasalle (JLL) will close their Hokkaido branch. Also,  CBRE and the Sumitomo Life Insurance Company will no longer have representatives stationed in Hokkaido. Sumisei…

Sweden Hills, Hokkaido

Sweden Hills, Hokkaido

Planning of the Sweden Hills neighborhood began in 1979 and construction started in 1984. The idea began after the Swedish Ambassador visited Tobetsu Town and remarked how similar the atmosphere and scenery was to his native Sweden. Tobetsu Town’s sister city is Leksand in Dalarna County, Sweden.

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