{"id":24982,"date":"2021-08-26T09:57:46","date_gmt":"2021-08-26T02:57:46","guid":{"rendered":"https:\/\/www.asiapropertyawards.com\/?p=24982"},"modified":"2021-09-29T14:41:45","modified_gmt":"2021-09-29T07:41:45","slug":"nisekos-property-market-hits-2-69b-in-new-project-transactions","status":"publish","type":"post","link":"https:\/\/www.asiapropertyawards.com\/en\/nisekos-property-market-hits-2-69b-in-new-project-transactions\/","title":{"rendered":"Niseko&#8217;s property market hits $2.69B in new project transactions"},"content":{"rendered":"<p>PropertyGuru Asia Property Awards (Greater Niseko) Jury Chair Bill Barnett shares a market review of Niseko\u2019s alpine resort area<\/p>\n<figure id=\"attachment_25184\" aria-describedby=\"caption-attachment-25184\" style=\"width: 1000px\" class=\"wp-caption alignnone\"><img decoding=\"async\" class=\"wp-image-25184 size-full\" src=\"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2021\/08\/processed-11.jpeg\" alt=\"\" width=\"1000\" height=\"669\" srcset=\"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2021\/08\/processed-11.jpeg 1000w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2021\/08\/processed-11-400x268.jpeg 400w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2021\/08\/processed-11-600x401.jpeg 600w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2021\/08\/processed-11-768x514.jpeg 768w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><figcaption id=\"caption-attachment-25184\" class=\"wp-caption-text\">Niseko\u2019s property market this year reaches a high of USD2.69 billion in new project\/off-plan transactions. JACKPhotographer\/Shutterstock<\/figcaption><\/figure>\n<p><span data-contrast=\"none\">Amid the pandemic, Niseko\u2019s alpine resort area has remained attractive among real-estate developers and international hotel operators, said <a href=\"https:\/\/www.c9hotelworks.com\/\" target=\"_blank\" rel=\"noopener\">C9\u00a0Hotelworks<\/a>.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">Projects such as Six Senses\/Wealth Management Group (100 keys), Moxy\/YTL Corporation\u00a0Berhad\u00a0(310 keys), and Capella\/Shenning\u00a0Investments (219 keys) show positive overseas investment sentiment.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">The C9 Hotelworks new Niseko Property Market Update 2021 reveals that two new developments were recently launched in the 2021 summer season, namely New World La Plume Niseko Resort and Matie Niseko.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">As a result, Niseko\u2019s property market this year reaches a high of USD2.69 billion in new project\/off-plan transactions.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">Moreover, domestic and foreign developers in Niseko\u00a0continue to\u00a0receive\u00a0strong demand for land acquisitions of residential plots, despite the current worldwide economic uncertainty.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">Bill Barnett, managing director at C9\u00a0Hotelworks\u00a0and\u00a0<\/span><span data-contrast=\"none\">jury chairperson of\u00a0the highly acclaimed\u00a0<a href=\"https:\/\/www.asiapropertyawards.com\/en\/award\/japan\/\" target=\"_blank\" rel=\"noopener\">PropertyGuru\u00a0Asia Property Awards (Greater Niseko)<\/a>, said, \u201cResidential development plots are the hot ticket this year. A strong demonstrated trend of appreciation and favourable long-term outlook is fuelling investment demand.\u201d\u00a0<\/span><\/p>\n<p><strong><a href=\"https:\/\/www.asiapropertyawards.com\/en\/5-of-the-best-resort-style-residences-in-asia\/\" target=\"_blank\" rel=\"noopener\">More: 5 of the best resort style residences in Asia<\/a><\/strong><\/p>\n<p><span data-contrast=\"none\">Commercial and retail rental rates have decreased, as a result of the lower number of tourists.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">Nevertheless, the average land appraisal in\u00a0Kutchan\u00a0has continued to increase by 25 percent year-on-year\u00a0in 2021, the highest growth rate in Japan, according to the Ministry of Land,\u00a0Infrastructure, Transport, and Tourism.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p>Hear more about this market update from Bill Barnett himself:<\/p>\n<p><iframe title=\"Inside Niseko\u2019s Property and Hotel Market\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/g_nRpAzbl8k?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<div class=\"entry-content\">\n<div class=\"entry-content\">\n<div class=\"entry-content\">\n<p><i><span data-contrast=\"none\">The Property Report editors wrote this article. For more information, email:\u00a0<\/span><\/i><a href=\"mailto:propertyreport@propertyguru.com\"><i><span data-contrast=\"none\">propertyreport@propertyguru.com<\/span><\/i><\/a><i><span data-contrast=\"none\">.<\/span><\/i><span data-ccp-props=\"{&quot;201341983&quot;:1,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559739&quot;:160,&quot;335559740&quot;:270}\">\u00a0<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>PropertyGuru Asia Property Awards (Greater Niseko) Jury Chair Bill Barnett shares a market review of Niseko\u2019s alpine resort area<\/p>\n","protected":false},"author":12,"featured_media":25184,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[92,1],"tags":[2291,146,942,2292],"class_list":["post-24982","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-property-report","tag-alpine-resort","tag-japan","tag-niseko","tag-strong-demand","news_country-japan","news_author-property-report"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Niseko&#039;s property market hits $2.69B in new project transactions | Asia Property Awards<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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