Saturday, September 11, 2010

No. 160: Build fabulous villas and condos in Hokkaido for Asians (September 11, 2010)

A real-estate developer in Hokkaido decided to build fabulous villas and condos for tourists from Asia with an investment of 51 billion yen. They have a total accommodation capacity of more than 4,000 people. In Hokkaido, projects financed by Asian capitals are going on to develop resorts, and the company decided to enter the business for rapidly increasing sightseers from Asia. Allying with real-estate developers in China and Hong Kong, it will start the project in less than two years and plan to open the villas and condos between 2015 and 2020 in the 290,000-square-meter land in the suburbs of Sapporo that is the prefectural capital of Hokkaido. Part of villas and condos will be leased to general sightseers when they are not used by the owner. It is currently operating a ski resort, a golf course, and a recreational park beside the land for the project. This company is operating about 40 facilities across the country.
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