Shizuoka’s hot spring resort city of Atami is seeing renewed interest from buyers looking for holiday homes they can telework from. Local agents have been seeing a rise in inquiries from potential buyers from the summertime onwards.
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Apex Property Limited, a Hong Kong developer founded by two female entrepreneurs, is launching a major resort and holiday villa project in Niseko’s Hanazono district.
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A large-scale condominium and resort-style project is planned for the winter ski town of Niseko. Construction is scheduled to start next year, with completion expected in winter 2023.
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South Korean conglomerate Hanwha Group is planning a large-scale condominium project for the winter ski resort town of Niseko in Hokkaido. This would be the first major development by a South Korean company in Niseko.
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After half a century of sitting idle, city plans for a 174-hectare resort in Himeji will officially be shelved at the end of this month. The sprawling waterfront resort was going to have a marina, aquarium, hotel, shopping mall, 500 homes, and 3,600 apartments.
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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 with completion by December 2019. Rooms will range in size from 50 ~ 260 sqm (538 ~ 2,798 sq ft) and with prices expected to range from 40 ~ 300 million Yen (360,000 ~ 2,700,000 USD). Sales are scheduled to start this month. Owners will have the option of leasing their room to the hotel while they are not using it.
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Some owners, in an attempt to offload their apartments in aging ski resort towns, are paying companies to take the properties off their hands. For companies offering this relatively new service, charging fees to the seller is how they balance the risk of holding a property that comes with high running costs and limited resale potential.
According to the website of a company that specializes in buying up resort apartments, they ask the seller to pay them enough to cover the following:
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Haseko Corporation announced on January 14 that they have abandoned their plan to build a resort in the Okutateshina onsen area in Chino City, Nagano Prefecture.
Haseko said the decision was a financial one as the project’s profitability was in question.
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Japan’s Minister of Defense, Naoki Tanaka, is pressuring the government to introduce legislation that will restrict the purchase of land by foreign corporations and individuals in the Henoko area in Naga City, Okinawa. Henoko is home to Camp Schwab and is the proposed site of a new US Military air base, which will replace the Futenma Airfield in Naha.
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