TO DISCUSS YOUR PROJECT OR LEARN MORE ABOUT OUR SERVICES:

  • This field is for validation purposes and should be left unchanged.

How Asia’s Luxury Property Going From The Beach To The Mountains

Category: Hotels, Posted:25 Jul 2019 | 16:42 pm

Asia’s leading alpine resort destination Niseko is igniting the imagination of both overseas, and a rising number of Japanese large-scale investors. Back of soaring property prices, a new tourism storyline is emerging, highlighted by the soon to open Park Hyatt Hanazono.

Digging into C9 Hotelworks new Niseko Tourism and Property Market Review, the incoming development pipeline includes the legendary ultra-luxury Aman brand in Moiwa, Ritz-Carlton Niseko Village and Pavilions Hirafu.

Researching  the alpine real estate sector this past high season by C9 revealed that pre-sales of condominiums topped USD1.3 billon and house and/or land plots edged close to a quarter of a billion USD. One clear sign of the times is a new entry from top Singapore property group SC Global with their mixed-use Setsu project on the main street of Hirafu.

Shifting tourism demand is demonstrated in three-year CAGR of 13% for Mainland Chinese with direct flights to the gateway New Chitose airport numbering eight. Overall the key airlift metric has seen the introduction of new international routes to Taiwan, Russia, Finland and the Philippines.

Going deeper into the marketplace Niesko has become Asia’s fastest appreciating resort real estate markets. We are seeing premium pricing levels in prime projects attain levels of USD15-20,000.00 per square meter. Alpine property is becoming more of an object of desire for high-net-worth Asian’s versus the legacy tropical pool villa asset class. In addition, we are seeing top-tier purchasers from Thailand, Vietnam and Malaysia now entering the transaction pool.

Moving towards 2020, C9’s forecast sees larger new hotel-type projects coming into the pipeline in areas such as Hirafu, Hanazono and Moiwa. In a growing sign of market maturation, the largely legacy of real estate condominium properties and stand-alone chalets looks to be challenged by bigger year-around full-service hotels.

To download C9 Hotelworks Niseko Tourism and Property Market Review click the following

https://www.c9hotelworks.com/downloads/niseko-market-update-2019-07.pdf

 

Other News

Read more

UWC Phuket Enters International School Property Market

Category: Real estate, Posted:20 Sep 2022 | 08:46 am One of Phuket’s leading international schools UWC has entered into a development deal for integrated living. The school has subdivided a portion of its land adjacent to the campus and will have properties built by a Phuket real estate group TYSSEN VIP Development. Branded as the Campus Villas, the 44-unit gated estate offers four types […]
Read more

Noku Hotels Open Fourth Hotel, This Time It’s Phuket

Category: Hotels, Posted:10 Sep 2022 | 21:07 pm Boutique hotel group Noku has opened its fourth property, with Phuket as its latest destination. The Noku Phuket features 91 villas and lofts, overlooking Chalong Bay. Its sustainable design has earned it a Green Mark Gold Award. The group also operates properties in Maldives, Kyoto, and Osaka. Noku Hotels was founded by  Chris Teo of […]
Read more

Radisson Re-Enters Phuket Hotel Market

Category: Hotels|Real estate, Posted:10 Sep 2022 | 13:49 pm Global brand Radisson has returned to Phuket with a 179-key property in Kamala, owned by the Destination Group. The Radisson Resort and Suites Phuket is a conversion of the former Swissotel, which had been managed by ACCOR. It is an all-suite property with one, two and three bedroom units. Nearby the hotel, the large-scale tourism […]
SiaJai logo

Thailand's Leading Homecare Marketplace