Prestige Home Co-ownership Platform Expands to Offer Luxe Alpine Listings in Japan17 December 2022
Kō, Australia’s first co-ownership platform for luxury holiday property, has expanded into the Japanese holiday home market in collaboration with high-profile developer NISADE – effectively making international alpine real estate more accessible for Australians.
Recently launched to the Australian market, Kō offers buyers the opportunity to share ownership in a range of exotic international and domestic holiday home locations by acquiring a one-eighth stake, effectively making prestige property more accessible.
“The partnership with NISADE is very exciting and is in line with our strategy to unlock co-ownership opportunities in Australia’s favourite holiday destinations and making owning holiday property within reach for Australians,” said Ryan Fritsch, CEO and Co-Founder of Kō.
Kō is focused on building listings in key travel corridors for Australia and New Zealand including Bali and Niseko and has its sights set on Thailand’s island markets of Koh Samui and Phuket – with plans to also offer domestic holiday property within Australia over summer.
NISADE was founded in 2006, inspired by the beautiful snowfields of Hokkaido. Australian developer and Chairman of NISADE, Jonathan Martin has combined his love of the alpine, business management and property development to make NISADE a one-stop shop for real estate, construction and vacationing.
Over the last 16 years, NISADE has become a leading developer in this well-established niche market in Hokkaido, with over AUD$630 million worth of projects in the town of Niseko alone.
Kō now offers luxury listings in Japan’s premier skiing location, Niseko, in Japan’s gorgeous Hokkaido region.
Current co-ownership opportunities in Japan include Sekka Sekka – a four-storey luxury ski chalet located in the heart of Hirafu Village, just a short walk away from ski lifts, ski rentals, restaurants and bars and priced at approximately AUD$1.1 million per co-ownership share.
Founded in 2022 by CEO Ryan Fritsch, CTO John Hanna, and Ash Kirvan along with hospitality and development company Selo Group, Kō makes owning a luxury holiday property accessible through sharing the financial costs with up to eight co-owners.
While new to the Australian market, shared ownership of luxury vacation homes is gaining popularity in both Europe and North America.
Through fractional ownership, Kō delivers all the benefits of being a luxury homeowner without the typical maintenance responsibilities. Benefits include up to 42 days a year in their home per unit owned via a dynamic booking system with all maintenance managed by Kō.
Kō offers owners a more flexible booking system, expert property personnel to maintain the property, and a platform to facilitate the hassle-free selling of shares. Each owner has complete control over the price their share is listed at, with the entire process facilitated by Kō.
In addition to this, all Kō unit owners have automatic access to THIRDHOME, a global network of properties that allows members to exchange homes for a period of time.