IZUMIKYO has done the impossible in order to release its newest multi-home community located in St. Moritz – one kilometre south of the Hirafu intersection.
Based on a 5-year handshake agreement with a local farmer, Izumikyo has been able to successfully change the land category of an 18,000 tsubo farm from undevelopable farmland to a development site.
In japan, companies can only purchase farms with the proper farming licenses due to the strict regulations on agriculture. In order to develop a farm, it must remain fallow for a number of years before being able to change the registration and develop.
Ground breaking will begin next summer and 40 new houses with unique features can be expected. Homes will be backing on to a central park area with a koi pond and boardwalk, overlooking the Shiribeshi Valley below, as well as Mount Yotei and the ski hill. Izumikyo will use its recently completed boutique cottage development in Izumikyo 2 to showcase its intended ‘Japanese-chic’ style.