- Kō is the first Australian co-ownership platform for luxury holiday homes
- Follows the launch of a similar offering in Bali
- In collaboration with developer NISADE, with over $630 million worth of projects across Niseko
The first Australian co-ownership platform for a luxury holiday property, Kō, has expanded into the Japanese holiday home market.
Launched in collaboration with high-profile developer NISADE, the platform will effectively make international alpine real estate more accessible for Australians.
Recently launched to the Australian market, Kō allows buyers to share ownership in a range of both domestic and exotic international holiday home locations by acquiring a one-eight stake, this makes prestigious property far 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.
Along with Bali and Niseko, the platform has its eyes set on the Thailand island market sector, Phuket and Koh Sumi in particular, with plans to offer domestic holiday properties over the summer.
Booming Hokkaido market
Founded in 2006, NISADE’s Jonathan Martin has combined his love of the alpine, business management and property development to make NISADE a ‘one-stop shop’ for construction, real estate and vacations.
In the well-established nice market in Hokkaido, NISADE has become one of the major developers with over $630 million worth of projects in Niseko.
Current co-ownership opportunities in Japan include Sekka Sekka. There is a four-storey luxury ski chalet located in the heart of Hirafu Village, near ski lifts, ski rentals, bars and restaurants. This chalet is priced at AUD$1.1 million per co-ownership share.
Founded by Ryan Fritsch, John Hanna and Ash Krivan, along with hospitality and development company Selo Group in 2022, Kō allows up to eight co-owners per home.
Although this concept is new to the Australian market, the model is already gaining popularity in both North America and Europe.
Through fractional ownership, Ko allows the owners to reap the benefits of owning a luxury property without all the typical maintenance responsibilities. All owners can enjoy up to 42 days per year in their home unit thanks to a dynamic booking system, with all maintenance managed by Ko.
The Ko platform also allows owners to facilitate the selling of shares, with each owner having complete control over the price their share is listed at.
Additionally, all Ko unit owners have automatic access to THIRDHOME, which is a global network of properties that members can exchange for a period of time.
