AT last month’s reopening of The Green Leaf Niseko Village, its parent company YTL announced a new development in the first phase of Niseko Village’s master plan.
HINODE Hill (meaning sunrise in Japanese) is the first residential development in Niseko Village and features 125 fully furnished, ski-in, ski-out apartments. Located next to The Green Leaf Hotel and the ski lift facility, this condominium development features a mix of one, two and three-bedroom apartments, and premium penthouses with private onsens.
Guided by Asian and Japanese architecture principles, Hinode Hill encompasses generous landscaped gardens featuring Japanese-influenced water features surrounding the four apartment blocks. Each apartment has views of neighbouring Mount Yotei.
“With the master plan for Niseko Village, due to be completed within the next 5–10 years, Hinode Hill owners will enjoy a strong first-mover advantage and significant investment returns as we commence the development of further residential and commercial properties in the area,” said Kemmy Tan, Director of International Real Estate of YTL Singapore. YTL also intends to reconfigure the existing resort ski-ways, golf courses and hotels into a comprehensive, mixed-use resort community with residential areas.
The master plan will be designed and implemented by award winning HOK Planning Group which has more than 50 years of diversified experience in planning, urban design and landscape architecture for projects throughout the United States, Central America, Europe, the Middle East, Asia and the Far East.
The next likely development is a village core with retail and service space for guests. There will be a central street with a vibrant mix of retail, food, wellness, entertainment and recreational establishments.
Visitors and residents will enjoy the best of international and local offerings in shopping and dining from top luxury labels and world-famous restaurants to Japanese art galleries.
“We are confident that once the village core pops up this will give guests an alternative recreation area and more will come and spend their time here. We think the local authorities have done a good job in promoting Niseko and with that more people will definitely come,” said Kemmy Tan.
Dubbing Niseko as ‘The Aspen of The East’, YTL has a long-term vision. Kemmy explains, “The market is in its infancy stage. It’s very early. We’re not in a hurry to finish it. We have a goal, but we’ll like to see how it goes within the master plan that we have in mind. The prices in Aspen have grown by 100% within a span of 7 years. This is just a start. I think in most communities where there is a potential to reach end stage, anyone coming in early would really enjoy the upside in terms of investment.”
Niseko Village is backed by YTL a company that has a lot of experience in the luxury hotel and real-estate market. Some of its other hotels and resorts include Pangkor Laut Resort, The Chedi Phuket, Tanjong Jara Resort Malay, The Ritz Carlton Kuala Lumpur and Muse Hotel De Luxe in St Tropez. Hinode Hill is expected to launch mid 2011. There is a property showcase at Komakusa Room, Level 3 at The Hilton Niseko Village.
@ www.hinodehill.com