For Japan, 2021 couldn’t have started in a worse way. On the 8th of January, the Tokyo Metropolitan region including Saitama, Kanagawa and Chiba Prefecture entered its second state of emergency, soon followed by another seven prefectures including Osaka, Aichi and Fukuoka.
Like many markets in the world, the Tokyo office market has been heavily affected by the coronavirus pandemic.
Onsens are deeply embedded into Japanese culture and no trip to Japan is complete without a relaxing dip in the hot springs surrounded by natural scenery.
In our last edition of the Niseko brief, we outlined how newer developments are being put on the market at a higher price point indicating that Niseko’s real estate market is changing to accommodate a wealthier demographic. We concluded that Niseko is becoming more luxurious and will continue to be, based on the current and planned construction projects in the area.
Colloquially known as the “Aspen of Asia”, Niseko’s dynamic local economy has worked hard to diversify its tourist industry beyond just snow sports. Given the roaring construction projects in and around the notorious Hokkaido resort, this year-round tourist boom is welcomed by developers new and old alike.
Asia pacific investment partners
GDP per capita - Hong Kong
GDP - Japan
Rent - Hong Kong
Foreign Visitors to Niseko
Foreign Hotel Guest in Hokkaido
Residential Prices - Hong Kong