Category Archives: Overseas Property

Capella Niseko to launch sale here

Posted on 5 Nov 2009 | Comments Off on Capella Niseko to launch sale here

The luxury 149-unit Capella Niseko Resort and Residences in Hokkaido will be launched for sale here on Friday.

Valley deep, mountain high: The freehold residences are set on 32 acres of greenery close to popular Hokkaido ski destination Annupuri-Niseko Mountain, and are expected to be completed in 2012

Set on 32 acres of greenery and close to popular ski destination Annupuri-Niseko Mountain, the freehold residences – which comprises 94 apartments, 36 houses and 19 villas – are expected to be completed in 2012. Construction is to start around April next year.

Capella Hotels and Resorts has come on board as the operator and renowned Japanese architect Tadao Ando will design the project.

The 67-room Capella Niseko resort will be a full-service hotel, including a Village Centre that offers fine dining, bars and a spa.

Property developer Annupuri Land said that about 20 residential units have been taken up so far – with the majority of buyers from Hong Kong – and it hopes that the rebounding economy will spur sales.

‘The timing is right. The Asian economies are taking off again,’ said Annupuri Land co-founder Harry Pang. Continue reading →

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Brazil’s property sector draws interest

Posted on 5 Nov 2009 | Comments Off on Brazil’s property sector draws interest

Investors attracted by investment grade rating and robust demand

Bricks in one BRIC country could soon be a hot commodity.

Brazil – one of the four core BRIC emerging markets, along with Russia, India and China – is a future host of the World Cup and the Olympics, and is drawing global investor interest to its real estate sector, which could see a record year in 2010.

Investors are drawn to the country’s investment grade rating and robust demand for everything from housing to hotel rooms. Brazil needs new retail space, warehouse and distribution centres and offices to support an economy whose growth is second only to China’s, analysts and investors said.

Equity International, a specialist in emerging markets, was among the early Brazil boosters, drawn by the upgrade of Brazil’s sovereign debt.

‘The waves of capital come and go,’ said Gary Garrabrant, chief executive officer and a co-founder, with Sam Zell, of Equity International. Mr Garrabrant was racing to the airport for his monthly trip to Brazil. ‘We’re now in a wave,’ he said. ‘Brazil has earned the opportunity.’

Though current enthusiasm, especially visible among North American investors, could still fizzle, Brazil’s economic growth is increasingly seen as sustainable, while inflation is down to levels more typical of developed markets. Continue reading →

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