This opportunity is one for the larger investors, for development or land banking. Land prices in Hakuba have been steadily increasing over the past two decades, and that pace has increased considerably over the past few years. Numerous large hotel, condominium and estate projects in the area are likely to ensure that momentum continues.

This site is over 120,000sqm and is located a short drive from the Iwatake, Tsugaike and Norikura resorts. It has a floor area ratio of 40% and a site coverage ratio of 20%, and is well suited to a large estate development, or a more comprehensive development - hotel, townhouses and an estate.

Few development opportunities of this size come to the market in the Hakuba Valley. Get in touch with the team for further information!