Kiroro in Hokkaido Emerges as Exclusive Resort and Investment Destination in the Heart of Japan
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Offering fewer crowds, more luxury and access to the world’s best ski powder, Kiroro is emerging as both a desired investment and holiday destination for Asian buyers. With more than 60 percent of the Yu Kiroro Ski-in Ski-out residential units at Kiroro already under contract, buyers are discovering that this pristine gem in the heart of Hokkaido has lots to offer beyond capital investment.
“With all eyes on Japan for the Tokyo 2020 Olympic Games, interest in Japan’s property market has soared,” explains Mr Chainid Adhyanasakul, CEO of Property Perfect PCL. “Kiroro is much more than an investment opportunity; the Yu Kiroro residences offers buyers a luxury home in the heart of one of the world’s most remarkable alpine destinations. Owners and their guests will enjoy an exceptional year-round destination with far fewer crowds, the world’s best ski powder, and a more luxurious experience than other Asian alpine resorts.”
In addition to the 2020 Tokyo Olympic Games, several other factors have contributed to the rise in popularity of Japanese ski destinations and real estate investment. The 2018 Winter Olympics in Pyeong Chang and the upcoming 2022 Winter Games in Beijing have added to the boost in popularity of the sport amongst those living in Asia. For example, there are already 10 million skiers in China, and the market is expanding quickly. Japan is also easy to access from most of Asia, with direct flights and flight times of 5 hours or less; and no time difference as well.
Over the past decade, visitation to Japan has increased more than 230 per cent, with a majority coming from China, Taiwan and South Korea. And, as Asian interest in skiing grows, Hokkaido has emerged as a top destination because of its world-renowned snow conditions. At 20 meters average accumulated snowfall per year, Kiroro gets the most snow of all the Hokkaido resorts, giving it the longest ski season with the least crowds.
Finally, Kiroro represents a solid investment with prices that start lower than similar projects in the region, offering great potential for capital gains. Moreover, as the value of the yen relative to the dollar has declined, Japanese property is increasing in value, especially in Kiroro. At Kiroro, with year-round activities and a burgeoning market, buyers can look forward to a stable return on investment.
Owners at Kiroro enjoy a complimentary season ski pass and discounts throughout the Kiroro Resort. Moreover, owners receive up to 28 complimentary nights per year, and the experienced property management company will handle all property leasing and maintenance, making it a convenient and worry-free investment.
Kiroro is an alpine resort tucked away in the mountains of Hokkaido, far from the crowds of other nearby resorts and offering Japan’s deepest snow and untouched scenery. With over 20 meters of powder snow every winter and outstanding outdoor recreation all summer, Kiroro has emerged as a top destination for adventurers and vacationers of all types from throughout Asia.
Property Perfect is in the midst of a visionary transformation of Kiroro into the destination within the next decade. The master plan features a charming valley village at the base of the mountain with a range of exclusive luxury villas, townhome and apartments that are centred around the Gateway, Hokkaido’s first premium ski club and centre with ski-in and ski-out access to shops, restaurants, services and a kids center. The village offers a lively indoor-outdoor dining district with restaurants and bars featuring an array of international cuisines.
Property Perfect has already renovated and rebranded two existing hotels within the worldwide Marriott portfolio: the Sheraton Hokkaido Kiroro Resort offers 140 guestrooms right at the base of the slopes; and the Kiroro, A Tribute Portfolio Hotel offers 282 guestrooms and suites, each with mountain views.
Yu Kiroro, scheduled to be completed by the end of 2019 and already over 60% sold, is an award-winning collection of exclusive ski-in ski-out private residences at the base of the mountain. Yu Kiroro features 104 1, 2, 3-bedroom and penthouse freehold luxury private residences that are fully-furnished with premium services such as ski valet, a natural indoor-outdoor onsen, 24-hour concierge, fitness centre and lounge, and all-day dining.