SINGAPORE (EDGEPROP) - Rooms at freehold Hotel101-Niseko in Niseko, Japan, will be launched for sale in Singapore on March 2 and 3, according to a Feb 27 press release by Savills Singapore. The rooms will be sold at a guide price starting from JPY37.66 million ($336,442) each.

The development is a hybrid property comprising a condo and a hotel, the first in the world to feature only one type of room.

Niseko is within a two-hour drive of Sapporo, the largest city in Hokkaido.

Rooms at Hotel101-Niseko are fully furnished and occupy 226 sq ft. Each has a queen and single bed, a 55-inch television, a work desk and universal outlets, a kitchenette with a refrigerator and microwave, and an en suite bathroom.

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The hotel’s facilities include indoor swimming pools, a business centre, a sauna, and a fitness gym. Guests can check in and access the hotel’s amenities and facilities via a proprietary app.

According to the press release, investors of Hotel101-Niseko will have complete ownership over their units as they will receive a freehold condo title, as well as a 30% share of the gross room revenues of the hotel — excluding taxes — per month, regardless of whether their unit was used or not. In addition, all fit-out costs, operating and maintenance expenses are borne by the hotel owner, Hotel101.

Unit owners will also enjoy five free nights annually in the hotel of their investment and five additional nights in any Hotel101 worldwide.

Hotel101-Niseko provides a unique investment opportunity at a fraction of the market price, says Samantha Foo, manager of international residential sales at Savills Singapore. “Niseko is now the top Asian ski destination, which has not only seen a tremendous increase in tourism, but also an exponential increase in investment from the high-net-worth sector.

“Traditionally and globally, this is essential for value creation. The new Shinkansen [connection] at Kutchan Station, expected to be completed by 2030, will reduce travel time significantly. This provides an opportunity of capital appreciation for new investors,” she notes.

The launch in Singapore will be held at the fourth floor of the Plus Building on Cecil Street.