富人

Wealthy Chinese buyers home in on Japan

Chitose, a small city of 93,000 on Japan’s northernmost island of Hokkaido, seems an unlikely destination for Chinese home buyers.

But when Nitori Public, an advertising company, put 17 houses on the market there, they were snapped up by wealthy Chinese willing to pay about Y30m ($353,000, €274,000, £226,000) for a second home in Japan.

The city, which has an airport that serves Sapporo, the prefecture’s capital, is not the first choice among Japanese for a country home but for Chinese visitors it offers a base in a popular holiday destination.

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