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Tower Semiconductor is preparing a major expansion of its Japanese manufacturing operations, including the return of semiconductor production to its Arai facility in Myoko, Niigata Prefecture. The project will increase capacity for advanced semiconductors used in AI data centres, high-speed communications and next-generation optical connectivity. Japan’s Ministry of Economy, Trade and Industry certified the company’s supply assurance plan on July 14th. METI estimates total pr

Myoko is set to join the global trail running circuit in 2026, as Patience Capital Group moves to position the Niigata mountain resort area as a year-round outdoor sports destination. Singapore-based Patience Capital Group announced on May 20th that Myoko City will host MYOKO TRAIL, race number 6 in the GOLDEN TRAIL WORLD SERIES, on September 19th and 20th, 2026. The event will be held at Myoko Suginohara Ski Resort, with courses set against views of Mount Myoko and Lake Noji

On March 17, the Nikkei Shimbun reported on newly released 2026 official land price data from Japan’s Ministry of Land, Infrastructure, Transport and Tourism (MLIT), showing that land values in Nagano Prefecture continued to rise, driven by strong demand in internationally recognized ski destinations such as Hakuba and Nozawa Onsen, alongside sustained migration-led demand in Karuizawa. Matsumoto Castle in Nagano Prefecture. Photo by Alexander Schimmeck on Unsplash The tre

On March 17th, local newspaper the Niigata-Nippo published that Japan’s Ministry of Land, Infrastructure, Transport and Tourism (MLIT) released its 2026 official land price data, revealing a widening gap between Niigata prefecture’s broader market and its emerging resort hotspots. Photo by Hamish Duncan on Unsplash Akakura in Myoko City recorded a 7.1% year-on-year increase in commercial land prices, the highest in the prefecture and the first time it has ranked number one

On March 10th, the Nikkei Shimbun reported that Nagano City’s partnership with global real estate services firm Jones Lang LaSalle (JLL) forms part of a broader strategy to stimulate UIJ-turn migration, a Japan-specific policy framework describing how people relocate from large metropolitan areas to regional cities. For decades, the Greater Tokyo Area has attracted a disproportionate share of young workers and university graduates from regional prefectures. The resulting conc

Originally held in October 2025 and delivered in Japanese, the below is an English summary of Ken Chan’s remarks at the RE Fund Review Forum 20th . The speech highlighted how resort hotel investments can extend beyond accommodation supply to actively shape tourism demand. Click here to read more about IHG and Patience Capital Group’s Six Senses Myoko project. By combining global branding, development activity, and operational scale, resort hotels can generate wider economic b

On October 23 rd , Patience Capital Group announced the signing of two new properties in Japan - Madarao Kogen Hotel and Lime Resort Myoko - which will join Accor’s MGallery Collection, the group’s boutique brand of storied hotels. These signings mark a major step in Patience Capital Group’s vision to elevate Japan’s mountain regions into world-class four-season destinations. Signing ceremony in Singapore on October 23rd. From left to right: Maryanne Soo, Managing Director, G

On October 20 th , the Nikkei Shimbun reported that Nagano-based Shinano Railway will operate a special rapid train between Karuizawa Station and Myoko Kogen Station on November 3 rd , 2025. Sample Shinano Railway train photo courtesy of the train company website. The train will make only one stop at Nagano Station, completing the journey in as little as one hour and 38 minutes - among the fastest schedules ever operated by the company. The trial run aims to assess demand for

On October 22 nd , Patience Capital Group (“PCG”) announced that its Myoko Suginohara Ski Resort in Niigata Prefecture will join the Ikon Pass; a global multi-resort season pass connecting the world’s leading ski destinations, starting from the 2025-26 winter season. Expanding Ikon Pass’s Global Reach in Asia The Ikon Pass, operated by Denver-based Alterra Mountain Company, is the premier international season pass for winter sports enthusiasts, offering access to more than 70

On October 21 st , Six Senses, part of IHG Hotels & Resorts’ Luxury & Lifestyle portfolio, announced the signing of a hotel management agreement with Patience Capital Group (PCG) for a slope-side mountain hotel and residences at the foothills of Mount Myoko, within Japan’s scenic Suginohara ski resort. Artistic rendering of finished exterior courtesy of IHG & Patience Capital Group. Meant only for illustrative purposes and subject to change. The development of Six Senses Myo

Singapore-based investment fund Patience Capital Group (PCG) is spearheading a major international resort development in the Myoko Kogen area of Niigata Prefecture, with the aim of creating a sustainable, all-season mountain destination. At a multi-stakeholder public-private council convened on July 15, PCG presented its phased plan to open two hotels and commercial facilities by the winter of 2028, eventually expanding the development to six hotels. Multi-Phase Plan with Bra

Shinano Railway, headquartered in Ueda City, Nagano Prefecture, is considering launching a new express train service connecting Myoko Kogen and Karuizawa. President Tomonori Tsuchiya revealed the plan in an interview with The Niigata Nippo published on June 28th. The proposed route aims to boost ridership by shortening travel times between two key tourist destinations ahead of a major resort development in the Myoko Kogen area. Targeting 2028 Resort Launch Currently, Shinano

Niigata Prefecture will establish a public-private consultative council in July to oversee a large-scale resort development by Singapore-based Patience Capital Group (PCG) in the Myoko Kogen area. The council will include PCG and Myoko City officials, as city leaders plan a separate body to address residents' concerns. Myoko City Mayor Yoji Kido at press conference on June 5th, 2025. Photo courtesy of Joetsu Myoko Town Jouhou. Myoko City Mayor Kido, while expressing antici

Myoko Kogen, one of Niigata’s premier tourist destinations, is undergoing a large-scale redevelopment spearheaded by a foreign investment firm, with total costs estimated at up to ¥200 billion. While the project is expected to revitalize the local economy, the optimism is infused with caution over potential land price inflation and rising living costs, reminiscent of the real estate boom seen in Niseko, Hokkaido. Surge in Visitors and Foreign Investment In February, the peak

Patience Capital Group (PCG) announced on January 29th further details regarding the construction of two hotels - including a five-star luxury operation - on the Myoko Suginohara Ski Resort parking lot as part of their overall larger Myoko Kogen redevelopment project. Myoko Suginohara Ski Resort parking lot, courtesy of the Niigata Nippo. Patience Realty is a proud PCG group company. The total development, expected to cost ¥200 billion , will also include a supermarket fe

On November 15th, Patience Capital Group (PCG) CEO Ken Chan revealed limited details on plans to commence construction on a large-scale resort development in the Myoko Kogen area of Niigata Prefecture by summer 2026. Patience Capital Group (PCG) founder and CEO Ken Chan, courtesy of Niigata Nippo. The initial phase, targeting completion by the end of 2028, will involve an estimated investment of approximately ¥70 billion. Related Content: Myoko? Hakuba? Nozawa? Karuizaw

Bloomberg reported on November 7th that Seibu Holdings has announced the sale of Myoko Suginohara Ski Resort , located in Myoko City, Niigata Prefecture, to the real estate investment fund Patience Capital Group (PCG) earlier this month. Key Takeaways: PCG to invest over 200 billion yen, enabling large-scale resort plans and integrated development in the surrounding area. Seibu Holdings accelerated asset sales as part of its business restructuring, having sold properties like

On October 11th, Bloomberg Japan reported on Patience Capital Group (PCG) founder Ken Chan. Patience Capital Group is part owner of Patience Realty. The following is a translation of the article. Key Takeaways: Ken Chan, former head of Singapore's GIC in Japan, plans a $1.4 billion investment to transform Niigata's Myoko Plateau into a high-end ski resort. PCG, Chan's real estate investment fund, is acquiring land and aims to build luxury hotels and employee housing by 2026