Resort development activity is starting to accelerate in Hokkaido as the region begins to see a rebound in foreign tourist numbers.
Construction is scheduled to start on a large-scale resort in the Uenae area in Tomakomai City this June. The 1000 hectare site will include a hotel, horse-riding and trekking facilities. Aman Resorts Group’s GHM (Singapore) are tentatively scheduled to be the hotel operator. The development is being designed by famed Japanese architect Tadao Ando and will be completed in 2014. They are targeting wealthy foreign tourists. The total investment is estimated at 13 billion Yen (158 million USD).
Development is also moving ahead in the popular ski area of Niseko.
An investor from Hong Kong has contributed to the “Chalet Ivy” (http://chaletivy.com) boutique hotel which is scheduled to open in December. The hotel will have 24 rooms, 9 of which will be suites.
A Malaysian development company is currently constructing condominiums less than 200 meters to ski lifts. “Shiki Niseko” will be completed by December and will have 69 apartments ranging in size from 58 to 152 sqm (624 ~ 1635 sqft). A 59sqm 1-Bedroom apartment is priced at 58,360,000 Yen (712,000 USD).
The Nikkei Shimbun, March 9, 2012.