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Overseas properties with oomph

Posted on 8 Nov 2009 | Comments Off

When it comes to overseas property launches, the choices used to be mostly beachfront developments or city projects.

The Capella niseko Resort & Residences in Hokkaido features 94 apartments, 36 houses and 19 villas. They are fully furnished and come with room service. — PHOTOS: MILLENNIUM PARTNERS, ANNUPURI LAND

Prices at the Millennium Towers in San Francisco (above) start at US$600,000 for 662 sq ft one-bedder to US$10 million for a penthouse. — PHOTOS: MILLENNIUM PARTNERS, ANNUPURI LAND

But now, investors in Singapore may be spoilt for choice as more launches come to town, among them an unusual posh development in Japan.

The latter is one of two upmarket projects launched last Friday.

It is a 149-unit branded residential development called Capella Niseko Resort and Residences and is situated close to the popular ski destination at the Annupuri-Niseko Mountain in Hokkaido. The project also includes a 67-room hotel.

Aside from the Capella brand – the hotel and residences will be managed by Capella Hotels and Resorts – the freehold project boasts renowned Japanese architect Tadao Ando.

Clearly targeted at those who love snow and skiing, the project has 94 apartments, 36 houses and 19 villas, all of which are fully furnished and come with room service. The prices range from US$1 million (S$1.4 million) to US$5.5 million.

The project was developed by Hong Kong-based Annupuri Land. Couple Harry Pang and Mae Loh, who founded the company, have been skiing in the Annupuri-Niseko mountain region for years. They love the place so much that they decided to have a project there. Continue reading →

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Posted in Overseas Property

Tagged Capella Niseko Resort and Residences, Japan Property, Millennium Towers San Francisco, US Property

K1 founder said to seek US$23m for Florida home

Posted on 3 Nov 2009 | Comments Off

Helmut Kiener, the K1 Group hedge- fund founder under arrest in Germany on suspicion of fraud, is seeking to sell his oceanfront home in Delray Beach, Florida, for US$23 million to repay investors, people briefed on the matter said.

Kiener owns the 14,000 square-foot house through Miami-based Consistent Income LLC, whose managing member is Stefan Seuss, the people said, speaking anonymously because the probe isn’t complete. Seuss was arrested in Miami this week in a Federal Bureau of Investigation money-laundering sting and is tied to an international probe of Kiener, people familiar with the matter have said. A Cayman Islands’ liquidator is selling the property, said the people, who declined to provide details about the investors.

‘They are not going to get US$23 million,’ said Sandra Strickland, an independent realtor in Delray Beach, about 80 kilometres north of Miami, as she stood outside the house last week.

‘Right now, we are mostly flooded with US$200,000 and under properties,’ said Ms Strickland, who estimated it’s worth about US$12 million.

The three-story Georgian-style home, put on sale in May, features several chandeliers, including one above an oval bath tub, a two-story wood-panelled library and ‘exotic marble and onyx throughout’, according to the home’s listing on the website of Premier Estate Properties. The master bedroom occupies a wing of the first of three floors. Continue reading →