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Luxury Singapore real estate developer hops on Niseko bandwagon

Asian investors pour money into Hokkaido ski town as tourism skyrockets

Artist rendering of SC Global's first resort apartment complex, Setsu Niseko, which mainly targets wealthy Asians (Courtesy of SC Global)

SINGAPORE -- Simon Cheong sees gold in the snowy town of Niseko.

Five years ago, the self-made real estate mogul from Singapore sprained his knee while skiing at Niseko, then a moderately popular ski destination on Japan's northern island of Hokkaido.

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