A rare, de-risked Niseko investment. A permitted development on a forested ridge in Moiwa, one minute from Annupuri. The land is secured and subdivided, the design complete, the permits approved and the site prepared. All that remains is to build.
The work that takes years is already complete.
Most Niseko land trades raw. Buyers then spend more than a year on acquisition, subdivision, architectural and structural design, permit approval and groundworks before a single wall goes up. Here the land was secured in spring 2025 and the building permit issued in May 2026. All of it is finished, paid for and documented, and it is offered at what it cost to create, not at a profit.
Freehold ridge in Moiwa, now divided into four titled plots. Build across one or all.
CompletedTwo estates fully designed by ALT, with renderings, a physical model and immersive VR.
CompletedStatutory building confirmation secured. A transferable asset that removes approval risk.
CompletedForest cleared, ground graded and levelled, access established. Ready for foundations.
CompletedDrilled to sixty metres and independently tested to drinking water standard.
CompletedThe next owner begins here. Build the approved scheme, adapt it, or develop the plots.
The next chapter
Rendering · Aman Niseko, Mt Moiwa
The world's most exclusive resort brand is developing Aman Niseko on Mt Moiwa, the mountain directly beside this land, and its arrival is the single most important catalyst for the area.
The precedent is written into the mountain. A decade ago Hanazono was the quietest corner of Niseko, until Tokyu and the Park Hyatt transformed it into a premium destination and re‑rated land values across the district. Aman operates a tier above Park Hyatt. It draws the world's most discerning owners and sets a new ceiling for wherever it lands.
As the only development on Mt Moiwa, Aman Niseko will define Moiwa as Niseko's next ultra‑luxury address. This land sits at its doorstep, positioned to capture that uplift before it arrives.
Niseko's value has always tracked two forces: the brands that anchor a location, and the infrastructure that reaches it. Both are converging on Moiwa's doorstep.
Aman Niseko is the only development on Mt Moiwa. Park Hyatt re‑rated Hanazono a decade ago; Aman operates a tier above, and this land sits at its doorstep.
The Hokkaido Shinkansen is being extended to Sapporo with a station at Kutchan, Niseko's gateway, its tunnel already bored beneath the region. On completion it puts Niseko a short bullet‑train ride from Sapporo, and through to Tokyo.
Hilton and Park Hyatt are established. Aman follows. In Niseko each global arrival has re‑rated land, and the strongest positions are taken before they land.
Gather
Restore
Retreat
Living
Bathe
Ascend
Prepare
Sleep
Arrive
OutsideRecord arrivals, resilient winter yields, and a decade of compounding land values, underpinned by a weak yen and deep foreign demand.
Source: C9 Hotelworks Niseko Tourism & Property Market Review 2025/2026.
The land sits on Route 66 in Moiwa, a minute from Annupuri, the quiet heart of Niseko United's four linked resorts. It lies within Niseko's protected national-park landscape, bordered by a river whose far bank is permanently protected forest that can never be built on or cleared, an outlook secured for good. Building in this regulated setting is rare and hard-won; here the permits are already in hand. Moiwa's powder and the future Aman are next door.
World-class powder from the door, Michelin-level dining minutes away, and Mount Yotei on the horizon. The whole of Niseko, at your gate.
Ski
Dine
Mt YoteiConstruction costs in Niseko have risen 25 to 38 percent on materials alone, on top of a skilled labour shortage. Acquiring a project with land, permits and site works already delivered is a direct hedge against that inflation. Full assumptions, cash flow models and comparables are held in the data room.
Niseko Mori is designed and delivered by ALT Design & Construction, whose portfolio spans work for Marriott, Rosewood, Zekkei, Swire, Melco, Le Méridien and Langham. Marketed by Christie's International Real Estate.
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