The Vale Rusutsu

Japan to privatise 7 airports in Hokkaido: Kamori Kanko to join French Coalition

Japan’s Ministry of Land, Infrastructure, Transport and Tourism (MLITT) has decided to privatise tender for the operation of seven Hokkaido airports, Kamori Kanko has announced on the 19th that, they will join one of the bidders – a coalition by Groupe ADP, formerly Aéroports de Paris or ADP (Paris Airports), is an international airport operator based in Paris, France.  Others big players such as Tobu railway group and Tokyo Tatemono (both Tokyo companies) are also considering joining this coalition.  In addition to the operation performance that ADP generated around the world, the proposal to promote and have spillover effects on local tourism has boosted ADP’s position in the selection race. 

As the 1st bid application deadline approaches on August 16th, the local group coalition led by Hokkaido airport (HKK) versus the foreign group coalition draws even more attention with Kamori joining the latter. Following the closure of the application, 3 groups shall be nominated to entering the 2ndbid review. The result will come out in July 2019.

Source: Hokkaido Newspaper

News source: https://www.hokkaido-np.co.jp/article/210482

Kamori Kanko to tie up with Shinsei Bank to Provide Loan to Foreigner Buyers

 
 
Kamori Kanko (Sapporo) and Shinsei bank (Tokyo) together will be providing the finance option to The Vale Rusutsu buyers. This loan opportunity at Rusutsu-only provides active wealthy Hong Kong buyers a chance to finance the purchase, as well as buyers who are interested to purchase their first holiday home.

It is very rare to offer the finance option to foreigners purchasing real estate in Hokkaido, it is now being realised for The Vale Rusutsu, a luxury condominium of 10-story and total of 148 units scheduling to finish for winter 2020/2021. The unit price is from JPY56,000,000 – 450,000,000.

Since the sales started, 30% has been sold to domestic and overseas buyers who are seeing this as a great investment opportunity, with the finance option the property is expected to be sold to more middle class or first-time holiday buyers.  

Source: Hokkaido Newspaper https://www.hokkaido-np.co.jp/article/206234

Interview with the Chairman of Niseko Alpine Developments

Kamori Kanko has started the large development project at Rusutsu Resort and Niseko Alpine Developments, as the business partner has been supporting and encouraging on the proceeding of this project.  Niseko Alpine Developments has had long and extensive experience in operating condominiums and managing development projects in Niseko, with the know-how to attract and manage wealthy buyers, together with Kamori Kanko we are honoured to showcase this property, said by the Chairman – Jonathan Martin.

Chairman Jonathan Martin
Niseko Alpine Developments [NISADE] Chairman – Jonathan Martin

How do you anticipate the Hokkaido market to be?

With the increasing number of tourists visiting Hokkaido every year, we think Hokkaido is gradually becoming a well-known brand. The Vale Rusutsu is only at the first development stage for the resort, in the future, for accommodating all tourist needs, a large shopping area and more accommodation options shall be incorporated, as well as public space where tourists can bond with the locals.  Rusutsu resort will become THE place where short-term visits and long-term stay needs can both be accommodated.

Heard there are roughly 30 units been sold as of June?

Yes, indeed. Out of the 30 units, 30% were bought by Japanese clients with the rest being from Hong Kong, China and Singapore. Unlike the condominiums in Niseko, The Vale Rusutsu is built in Rusutsu Resort, a place Japanese guests are familiar with and therefore we expect to have more Japanese owners to own a piece of heaven in Rusutsu Resort.

Source: Hokkaido Kensetsu Newspaper: https://e-kensin.net/news/106896.html

Kamori Kanko prepares to expend the investment on Rusutsu Resort facilities as well as building mega commercial complex

Kamori Kanko will increase the investment in the facility in Rusutsu resort. On June 23rd, The Vale Rusutsu construction started which will follow by 30-40 more condominiums to come in Kamori Kanko’s plan, on top of that, a big shopping mall aimed to be enter the construction is also in view in 2020.  In order to create an area that is different from Niseko where there’s a strong concentration of foreign tourists, Kamori Kanko is welcoming the joint venture from overseas companies and together they can execute the town development as well as making Rusutsu village an even better tourist location. 

The Vale Rusutsu is located on the east side of North and South Wing hotel, the condominium is a 10-story building with 1 basement floor and occupies a total area of 18,000 sqm. The pricing range is between 56,000,000 – 460,000,000 yen aiming for the buyers who are looking for new opportunities to own a piece of high-end property in Rusutsu.  Furthermore, The Vale Rusutsu is connected to a spa facility which is part of the 18 year development plan by Kamori Kanko who is estimated to invest around 1.4 billion on the plan.

Mr. Kimihito Kamori, the chairman of Kamori Kanko; the architect, Mr. Peter Hahn and the construction company Nakayamagumi CEO – Mr. Shigeru Nakayama attended the ground-breaking ceremony, they were also required to use the ritual digging implements to perform their parts in this traditional Japanese ceremony, to prey for the successful completion of the 2-year construction. Mr. Kamori also expressed the plan of 30-40 more buildings to be developed in Rusutsu resort, exhibiting a willingness on the near future investment. 

 

Mr. Kamori attending the ground-breaking ceremony
 
The plan to build a shopping mall is to accommodate increasing foreign visitors as well as day-trippers. The shopping mall location on the top floors of the condominium has also been considered. When asked about when the shopping mall would be constructed, Mr. Kamori replied that, after the selling of 60% of the condominium, as well as depending on the discussion with the financial agencies.  Other than the condominium and the shopping mall, Kamori Kanko also wants to build more hotels. Kamori Kanko will not be alone in this large development as there are companies from Malaysia, Hong Kong and Hawaii expressing interest to join.

Mr. Kamori is deeply concerned with protecting his “staff” and ensuring they are secure in their jobs and able to work a long time in Rusutsu. He envisages to invite operators to open various shops and build more staff accommodation, as an example, the newly built staff accommodation has the pharmacy – ‘Sapporo Drug Store’ occupying the 1stfloor commercial space. Other than developing the resort, Mr. Kamori is additionally thinking to contribute to the town development as well.  

Source: Hokkaido Kensetsu News https://e-kensin.net/news/106645.html

RUSUTSU RESORT: The Investment on New Facility in Rusutsu has started

 

Rusutsu Resort owner - Sapporo based Kamori Kanko K.K., has announcement the construction for the new luxury condominium and spa facility have commenced, the condominium is scheduled to finish for the winter season of 2020/2021.

The condominium is a 10-story building with 1 basement floor and contains the total of 148 units which becomes the largest building in Rusutsu area.

The selling price range is from JPY56M - JPY460M, only 2 months after the sales started, 30% of the units were sold to domestic and overseas buyers.

The total investment amount Kamori Kanko put into the condominium and the spa facility is roughly JPY130 billion.

Unit info: 148 all-furnished units, size range from 1-bedroom type to 4-bedroom penthouse.  

Rusutsu Resort News Release: https://kamori.co.jp/908

NISADE Launches Key New Property The Vale Rusutsu


NISADE Launches Key New Property The Vale Rusutsu

Hokkaido is already famous for its mountain splendour, and the future of the landscape just got rosier.

Fresh from victory at the World Ski Awards, Kamori Kanko and NISADE have announced a partnership that will launch a multi-million dollar makeover of Rusutsu Resort. As Hokkaido’s largest all-season resort, Rusutsu is beloved for its magical winter skiing and vibrant summer landscapes.

NISADE are thrilled to introduce The Vale Rusutsu, a luxurious ski-in/ ski-out hotel that will be available to individual owners. As a master planned resort with strong summer attractions in the shape of golf, water parks and theme parks, Rusutsu offers owners strong investment prospects with year-round operations.

Designed with a stunning simplicity that embraces the beauty of the mountains, The Vale Rusutsu also offers access to a designer onsen and spa facility. Further announcements scheduled for release in 2018 include more resort upgrades and the addition of trendy shopping, dining and nightlife venues.

Unlike Niseko, Rusutsu is owned in its entirety by NISADE partners Kamori Kanko. This ensures the reinvention of Rusutsu Resort is an overarching and meticulously planned project, which the partners have designed to allow for sensational future developments.

The Vale Rusutsu is a true first-to-market opportunity. It is also the first Rusutsu accommodation in the hotel and condominium category that is designed with large groups and families in mind.

Anyone who has ever visited Rusutsu can tell you that reinventing this majestic resort will have a profound effect on the face of the region.

The nearby resorts of Niseko United and Kiroro are also blossoming with increased tourism, and the redevelopment of Rusutsu Resort sets up the combined areas to form the most desirable ski destination in Asia, rivaling the multi-resort regions of North America.

 


For further information please contact:

E-mail: enquiries@thevalerusutsu.com  | Phone: +81 (0) 136 22 0038

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