Foreign investors drawn to the highest residential ski apartments in Japan.
Japan's finest ski development has attracted the interest of foreign investors. Singapore property investors have celebrated the purchase of apartments within OneNozawa Residence at the Winter Olympics Ski Resort of Nozawa Onsen.
A signing ceremony was held for purchasers like Captain Grange Chung, one of the new owners at OneNozawa Residence. "We visited OneNozawa Residence just a week ago and the apartments are genuinely amazing," said Chung. “Each apartment is pure elegance; they are the highest residential ski apartments in Japan; they match their location with the world’s best quality windows and insulation."
Fergus Brown, Marketing Director, OneNozawa Residence, said that if Singapore apartments had the same quality triple-glazed windows as OneNozawa Residence, residents would save up to 35 percent of their total energy costs and enjoy very low noise levels. “While it’s unusual to have such large glass areas in ski homes, we wanted to create a synergy of snow outside and dramatic architectural aesthetics within," he said.
The apartments have particular appeal to Australian residents, said Steve Douglas, CEO of Singapore-based SMATS Group. "Australian tax residents have a significant opportunity to utilise negative gearing when investing in projects like OneNozawa Residence which lowers the amount of Australian tax they pay," said Douglas. "They can even claim part of the cost of visiting their property for inspections every year."
OneNozawa Residence speaks directly to the expatriate aesthetic and has created a new level of ski-in/ski-out elegance. Owners and their guests can truly embrace the dramatic slope side ski-scene, from the comfort of each apartment. Large windows provide spectacular views from every apartment, engaging everyone with the natural splendour and “big-mountain” feel.