The C9 Hotelworks Niseko, Japan Property Market Review for June 2018 indicates that foreign visitors to the region have doubled due direct flights now being available from 17 different destinations. 

The report shows that freehold ownership, a lower Japanese Yen, and high capital gains have boosted the real estate market in Niseko. 

Trends at a glance

• Most popular unit size for condominiums ranges from 70 to 90 sqm for one- and two-bedroom properties. 
• Three- and four-bedroom configurations are the most popular for houses, with an average size of 200 to 300 sqm.
• Direct international flights from eight cities in Mainland China to the gateway New Chitose Airport has resulted in an eight-year Compound Annual Growth Rate (CAGR) of 32%.

The market-wide average selling price of condominiums grew 12.5% in 2017. Similarly, the report shows that the average built-up price for condos in Niseko has soared 25% compared to last year. 

As of the end of the high season, current property offerings are closing in to near the USD 1 billion mark.

Managing director at C9 Hotelworks, Bill Barnett says, "Asian real estate buyers have now supplanted the legacy Western source markets and Mainland China has been a leading cross-border property player. We expect Niseko to rise further in the development cycle in the coming year, led by a marked increase in hotel branded managed projects."

Condominium market

The built-up price for condominium units average of USD 15,964 per sqm rose by 25% compared to the previous season.

Source: C9 Hotelworks Market Research

Total transaction value of USD 920,068,818 with Hirafu holding 41% of the market. 

Source: C9 Hotelworks Market Research

Median price band range is USD 500,000 to USD 1,200,000 for one- and two-bedroom units. 

Source: C9 Hotelworks Market Research

Absorption rate stands at 2.2 units per month, while the average price per unit is USD 1.4 million. 

House/Land plot market 

Average selling price for land plots is USD 911 per sqm, while the average built-up price for houses is USD 5, 081 per sqm. 

Mixed-use properties with hotel or retail components command premium land prices. 

Source: C9 Hotelworks Market Research

Market-wide sales pace has stabilised at 0.30 house/land plot per month, led by four-bedroom homes. 

Click here to view the C9 Hotelworks report Niseko, Japan Property Market Review June 2018.

For more information about Niseko's residential market, phone or email C9 Hotelworks via the contact details listed below. 

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