Odin Hills Markets Luxury Freehold Chalet Plots in Niseko

Odin Hills Markets Luxury Freehold Chalet Plots in Niseko

Boutique developer Odin Properties recently launched 28 freehold land plots at Odin Hills, the 16-hectare luxury residential project in Niseko, Hokkaido Prefecture.

Sizes range around 3,285—10,101 square metre and cost from about ¥205 million. This is the last of three tranches of land for sale bordering a protected forest. Nicolas Gontard, co-founder of Odin Properties, said some parcels offer unobstructed views of Mount Yotei. Gontard has also developed the boutique hotel Kimamaya and the apartment block Yasuragi. Japan does not restrict foreigners from owning land, which has helped fuel booming property sales in Hokkaido and other resort and city areas. Of the 61 land parcels previously launched for sale under stages one and two, 46 have been sold or reserved. About 25% of Odin Hill buyers are from Hong Kong and Taiwan, the same proportion are Southeast Asian, a similar number are Japanese, and the remaining are other nationalities.

Yang Yu, a partner at Odin Hills, says exchange rates also favour foreign investors, with the Japanese yen hitting a 38-year low against the US dollar in 2024. Media reports in June said that at least 11 buyers have bought multiple adjacent land parcels to construct larger residences.

Targeting top-end buyers

Yu adds: “Odin Hills targets high-end regional buyers who enjoy skiing. They are leveraging Niseko’s reputation as the Aspen of Asia to offer a premium ski holiday experience comparable to the Alps in Europe or Yellowstone National Park in the US.”

As a result, Odin Hills is marketed as an exclusive Japanese-European-style mountain village where owners can build and customise their luxury alpine homes near the slopes of Niseko’s major ski resorts.

Odin states that houses built on its land must comply with Odin Hills’ strict guidelines, which cover height, architectural style, materials and colour scheme. 

“Owners may opt for one of four pre-approved house designs crafted by Pritzker-prize-winning Japanese architect Shigeru Ban. Construction will then be undertaken by Shigeru and the owners, independent of Odin Properties.”

Shigeru’s designs range from a 968 square metre, three-bedroom, two-story house to a 2,017 square metre, six-bedroom, two-story house with a basement level. They feature ensuite bathrooms in all bedrooms, an integrated garage, a fireplace, heated flooring, a gym, a wine cellar and an onsen-style family bath.

Odin Properties will construct a 3,291 square metre clubhouse near the project entrance, which will act as a central hub for the future residents of Odin Hills. “Homeowners can access a dedicated concierge who provides maintenance, housekeeping and bookings for skiing and other activities.”

The clubhouse will offer amenities for residents, including an all-day café, a lounge, private event spaces, a swimming pool, a cold plunge, a sauna and an onsen with spring water piped from a natural spring 900 metres below the property.

Clubhouse Private Onsen
Clubhouse Private Onsen

The Odin website says that residents can opt into membership at the clubhouse, which will feature electric cars to transport them to and from their properties. It will also serve as a pick-up and drop-off point for a shuttle bus service to the nearby Hanazono ski resort. Fees for clubhouse access will be based on the size of the land parcel owned.

www.odinhills.com

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