Chinese fund developing private golf course and resort in Hokkaido

Ittatsu Kokusai Private Golf Club Kimobetsu HokkaidoBeijing-based fund Ittatsu Kokusai are developing an 18-hole private golf course and resort in Kimobetsu, Hokkaido.

Located about 30km east of Niseko, the resort will include 380 vacation home sites designed for wealthy Asian buyers. The project is estimated to cost around 10 billion Yen. The golf course has already been completed and sales will begin on the vacation lots from mid-October.

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Want to live in Nagasaki’s Huis Ten Bosch?

Huis Ten Bosch Canal Estate 3Huis Ten Bosch is a Dutch-style theme park in Sasebo, Nagasaki. Spread over 152 hectares, it is about the same size as the Tokyo Disney Resort. 

In addition to the popular theme park, there is also a small enclave of canal-front homes and apartments that can be purchased. 

The gated residential estate is called Wassenaar – named after an affluent suburb in The Hague. There are 130 houses and 10 apartment buildings containing 120 apartments housing as many as 800 residents. As Huis Ten Bosch is only 30 minutes from downtown Sasebo, some residents live here full-time while others use their home as a weekender or on holidays. The homes were all designed in keeping with the Dutch theme, and have landscaped gardens, boat moorings and some have swimming pools. 

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Karuizawa’s vacation home market on the rebound

Karuizawa

The upscale summer resort area of Karuizawa in Nagano Prefecture is seeing its property market rebound as a growing number of older residents from greater Tokyo are move in. In 2015 the extension of the bullet train line will connect Karuizawa with the Hokuriku region, making the area an even more convenient destination.

While the rest of the prefecture is still dealing with sluggish land values, the increase in demand for vacation homes in Karuizawa has started to push land prices upwards.

The town approved 338 holiday homes in 2013, up 9% from the year before. 

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Chinese media company developing resort apartments in Hokkaido

Hairun Otaru Kokan resort apartments HokkaidoA leading Chinese television production and distribution company recently announced that they will be developing a luxury resort condominium in Otaru, Hokkaido. The project will be marketed to wealthy Chinese.

HaiRun Movies & TV plan to build a 9-storey building containing 22 condominium apartments, a restaurant, pool, sauna, and party room. Each apartment will have its own private open air bath (rotenburo).

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First resort condominium to be developed in Kinugawa, Nikko, in 20 years

Kinugawa River Side Residence 1

The Kinugawa River Side Residence will be the first condominium to be built in Nikko’s Kinugawa onsen resort area in almost 20 years.

It hasn’t been a smooth journey for this particular development. The original developer – Zephyr – had completed construction up to the 3rd floor before filing for bankruptcy in July 2008. The bare concrete structure sat empty for the next five years until Yokohama-based developer Daiwa Jisho Group purchased the building and land and resumed construction in May 2013. 

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Karuizawa population reaches record high

The population in Karuizawa has exceeded 20,000 residents for the first time since it received a town status in 1923.

From the 1980s to 1990s, the town’s population hovered at around 15,000 residents, but began to grow again after the opening of the Nagano Shinkansen station shortened the trip to Tokyo to about 70 minutes. The town is estimating that the local population will reach 21,000 by 2022. The population in 1923 was 5,012 residents.

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Is this really Bill Gates’ mega-mansion in Karuizawa?

Over the past year rumours have been circulating that Bill Gates is building a large vacation home in Karuizawa’s Sengataki neighbourhood.

An aerial photo of the construction site shows a large building spanning four levels. Reporters who tried to get photos from the driveway were shooed away by security guards, but neighbours said that the billionaire co-founder of Microsoft was the owner.

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Did you know: Atami City has a special tax on holiday homes

The popular beachside resort area of Atami in Shizuoka levies a special tax on owners of holiday homes and resort apartments within the city. Called a “besso” tax (besso = holiday house), it is very similar to a municipal tax. This tax is only charged on properties in Atami City, and is not found anywhere else in Shizuoka Prefecture.

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Asia’s wealthy head to Niseko

  • Luxury apartment and hotel boom
  • Turning into a world-renowned resort area

Hokkaido’s Niseko and Kutchan area is seeing a rush of luxury apartment and hotel developments. Known for its perfect skiing conditions, many Australians had purchased ski chalets and vacation homes in the town. The recent development boom, however, has been spurred on by Asia’s wealthy investors and developers.

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