Key Facts
• A large-scale resort project is underway in the Myoko Kogen area, led by a Singapore-based real estate investment fund.
• On July 15, a council was formed with local governments and companies to discuss the project.
• Phase 1, with a budget of approximately 70 billion yen, aims to open in winter 2028.
• Phase 1 includes two hotels, a ski center, and commercial facilities.
• Phase 2, planned for winter 2034, will add two more hotels.
• The project aims to create a year-round mountain resort, enhancing local economic activity and employment.
• Discussions addressed road infrastructure, tourist reception, and economic integration.
• Foreign tourists currently concentrate in the Myoko Akakura area during winter, with plans to expand benefits regionally.
• Detailed plans are expected to be shared by the investment fund in Q3 or Q4 of this year.
• The project emphasizes sustainability and local community engagement.
Summary
A Singapore-based real estate investment fund is spearheading a large-scale resort development in Myoko Kogen, Niigata Prefecture. The project, discussed in a council meeting on July 15, aims to open its first phase in winter 2028, featuring two hotels, a ski center, and commercial facilities with a budget of 70 billion yen. A second phase, planned for winter 2034, will add two more hotels. The initiative seeks to create a year-round mountain resort, boosting local economic activity, employment, and sustainability. Key challenges include road infrastructure and regional economic integration. Detailed plans are expected later this year.
