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

Direct Hanoi Phuket Flights Commence

Category: Tourism, Posted:20 May 2023 | 12:11 pm Vietjet has kicked off direct flights between Hanoi and Phuket. The airline also operates daily service between the Thai resort island and Ho Chi Minh City. While short-haul regional Phuket is gaining pace, with China gaining traction, long-haul traffic to Thailand remains slower compared to 2019, according to OAG. Thai Airways International’s absence from the […]
Read more

Phuket Hotels Association Online Travel Auction Now Open

Category: Hotels, Posted:14 May 2023 | 09:56 am The annual non-profit Phuket Hotels Association Absolutely Fabulous Online Travel Sale is now up and running. CLICK With nearly 200 hotel travel and dining deals across Thailand, Asia the globe, all proceeds go to the education scholarship fund of PHA. Over 45 Thai hospitality students are now supported by the fund and these are the […]
Read more

C9 Hotelworks and Horwath HTL Release New Bali Hotel and Branded Residences Report

Category: Hotels|Real estate, Posted:28 Apr 2023 | 16:33 pm The resort island of Bali continues to be one of the world’s most desired holiday destinations. Over the past three decades, its resort real estate market has continued to evolve and change. Though, for branded residences, both in the lead-up and period after the global pandemic it has lagged behind other key Southeast Asian leisure […]
SiaJai logo

Thailand's Leading Homecare Marketplace