ALL SEA­SON HOL­I­DAY HOME

Trav­ellers flock to this Hokkaido town for win­ter, but Niseko’s suit­abil­ity as a year-round des­ti­na­tion drives its prop­erty boom.

The Peak (Singapore) - - The Brief -

With low-rise boxy build­ings and cookie cut­ter chalets, the ski town of Niseko is hardly known for its ar­chi­tec­tural high­lights. How­ever, as more trav­ellers dis­cover it as a year-round des­ti­na­tion, a host of soon-to-open lux­ury prop­erty de­vel­op­ments looks set to change the vis­ual land­scape of this area.

The lat­est are high-end vil­las in the form of The Ginto Res­i­dences (pic­tured right) by The Pav­il­ions Ho­tels & Re­sorts. The 31 pri­vate vil­las are nes­tled within a for­est in Ginto Hi­rafu, just on the edge of the town of Hi­rafu.

In Niseko to break ground for the project last Oc­to­ber, founder and chief ex­ec­u­tive of­fi­cer Gor­don Old­ham said: “The beauty of Niseko and, in many ways, its best kept se­cret, is that it is an all-sea­son des­ti­na­tion. Niseko has a tem­per­ate cli­mate that’s ideal for year­round ac­tiv­i­ties.”

Also, foreigners may buy prop­erty with free­hold own­er­ship in Ja­pan, lead­ing to record prop­erty price gains in the re­gion in re­cent times. Bill Bar­nett, man­ag­ing di­rec­tor of con­sult­ing group C9 Hotel­works, notes that most are from Sin­ga­pore, Hong Kong, Tai­wan, Thai­land and China. “Re­cent con­do­minium projects such as Skye and The Maples are eclips­ing record set­ting pric­ing lev­els of US$17,000 (S$23,000) per square me­tre.”

Ac­cord­ing to fig­ures re­leased by Ja­pan’s Na­tional Tax Agency, Niseko saw the steep­est price gains for the third con­sec­u­tive year in 2017, with prop­erty along the touristy Ko­gen Hi­ra­fusen street ris­ing by 77.1 per cent.

Judge for your­self. Here are some of the most stylish de­vel­op­ments to look out for in the next two years, and their prices.

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