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News Release

Hong Kong

Launch of Capella Niseko Resort and Residences in Hong Kong – A Resounding Success

The Hong Kong launch of Capella Niseko Resort and Residences has been extremely well-received by local buyers and investors alike, according to the development's sole marketing agent Jones Lang LaSalle.

Situated in Japan’s popular ski destination of Niseko in Hokkaido, Capella Niseko Resort and Residences is a signature resort designed by world-renowned architect Tadao Ando and managed by the legendary hotelier Horst Schulze.

The property showcase in Hong Kong attracted enormous interest from buyers and investors, with over 200 guests visiting. More than ten units were sold during the event – from apartments to penthouse and villas. Sales transactions ranged from HKD 8 million to HKD 40 million, with property sizes measuring 2,000 sq ft for apartments to 5,538 sq ft for villas, generating proceeds in excess of HKD 250M. The combined unit sales after the Hong Kong launch and the early November launch in Singapore amounted to over 30% of the total stock and generated a total proceeds in excess of HKD 550M. The project is scheduled to be completed in 2011 Winter.

‘We are very pleased with the remarkable success of this initial launch,’ says Ernest Tsang, General Partner of Annupuri Land. ‘Buyers see the value in the development for combining the best options available in the respective fields – from choosing an exclusive ski location, to the selection of architect, interior designer, spa consultant and hotel management company. We are confident that Capella Niseko Resort and Residences will continue to be the market's focus, especially now that the ski season is soon to kick off and prospective buyers mount after they visit the site in Niseko,’ adds Tsang.

Anne-Marie Sage, Regional Director of Residential at Jones Lang LaSalle Hong Kong, says, ‘We have been receiving a lot of calls and enquiries about the project. Just one week after its launch, we have already sold over 20 units, and we are expecting more transactions to come as this is a rare opportunity in the market . The launch attracted many architects and interior designers, including renowned interior designer Steve Leung, who bought a unit during the Hong Kong launch. At Capella Niseko Residences, buyers will not only appreciate the exquisite design by Master Architect Tadao Ando, but also enjoy the natural surroundings in Annupuri-Niseko Mountain.’

Capella Niseko Resorts and Residences is the first project in Japan by Annupuri Land and will be managed by Capella Hotels and Resorts, led by hotelier Horst Schulze of Ritz Carlton fame. Niseko is easily accessible by rail and by road, as well as through direct international flights to Sapporo’s new Chitose Airport, just 120 km away. Niseko is the powder snow haven of the world, with facilities on par with the world's most famous ski resorts. During the mild weathered spring, summer and autumn seasons, visitors can enjoy cherry blossoms, world class golf, horse-back riding, white water rafting, sea kayaking, fly fishing and a host of other activities.