Name

List Development Co.

Legal name

List Development Co., Ltd.

Website

https://listdevelopment.jp

Company type

Private

Founded year

1991

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Luxury Real Estate Development

NAICS

Residential Building Construction (23611), New Housing For-Sale Builders (236117), Land Subdivision (2372)

SIC

Operative Builders (1531), Land Subdividers & Developers (No Cemeteries) (6552), Real Estate Operators (No Developers) & Lessors (6510)

akta.pro primary industry

Multi-Family Residential Construction (Apartments, Condos, Townhomes) (IMAFABAB)

akta.pro secondary industry

Residential Land Development & Subdivision Homebuilding (Build-to-Sell Communities) (IMAFABAL)

Keywords

• Luxury real estate development
• Branded residences
• Hotel condominiums
• Condominium development
• Property asset management

Headquarters

HQ city

Yokohama

HQ country

Japan

HQ region

Asia

Offices3 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Supply Chain, Operations, Personnel, Marketing or Sales, Others

Revenue model

1. Real Estate Development and Sales: Planning, development, and sale of condominiums (LIST RESIDENCE series), branded residences, office buildings, tenant buildings, and hotels. Revenue generated from property sales to end buyers and investors.
2. Income Property Acquisition and Value Enhancement: Strategic acquisition of office buildings, commercial facilities, and rental residences in Tokyo and major metropolitan areas. Properties are enhanced through asset restructuring and tenant management, then supplied to the market at optimal pricing.
3. Asset Management and Consulting: Purchase, sale, brokerage, and asset management consulting for income-producing properties. Property management services for real estate assets.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

List Development is a comprehensive real estate developer that plans, develops, and sells luxury residential, hotel, and commercial properties in Japan through four segments: Residential (branded residences and LIST RESIDENCE condominiums), Hotel (luxury hotels and hotel condominiums such as La Vigne Hakuba and Karuizawa Retreat muro), Building (rental apartment and office buildings), and Solution (acquisition and value-enhancement of income-producing real estate). It also operates LIST FARM, an agricultural subsidiary in Niseko, Hokkaido, supporting regional community development.

Product overview

List Development Co. is a comprehensive real estate developer operating four distinct business segments: (1) Residential — branded residences and condominiums including Poltrona Frau Suites MOTOAZABU and LIST RESIDENCE series; (2) Hotel — luxury hotels and hotel condominiums including La Vigne Hakuba, 軽井沢リトリート muro, Anantara Karuizawa, and Aso Retreat HONO; (3) Building — rental apartments and office buildings with projects across Tokyo and Kanagawa; and (4) Solution — real estate value-add and acquisition services. The company also operates LIST FARM for agricultural community development in Niseko. Projects span branded residences in Tokyo (Poltrona Frau Suites MOTOAZABU), tower residences (THE TOWER 湘南辻堂), resort hotel condominiums (Hakuba, Karuizawa), villa lot development (Niseko Loop), and a portfolio of income-producing properties across the Tokyo metropolitan area.

Differentiator

Problem solved

Functional benefit

Brands

• LIST RESIDENCE series: For-sale residential condominium development brand
• La Vigne Hakuba
• Poltrona Frau Suites MOTOAZABU
• 軽井沢リトリート muro
• THE TOWER 湘南辻堂
• LIST FARM

Products and services

• Poltrona Frau Suites MOTOAZABU Japan's first Poltrona Frau branded residence project located in Moto-Azabu, Tokyo, featuring full Poltrona Frau interior design through the residence, classic-modern fusion architecture by APOLLO Architects & Associates, targeting wealthy domestic and international buyers seeking globally prestigious primary residences.
• THE TOWER 湘南辻堂 (THE TOWER Shonan Tsujido) 29-story landmark tower residence project in the Shonan Tsujido area with 196 for-sale residential units and 11 retail units, directly connected to Tsujido Station, offering a landmark mix of city and sea living in the Shonan district for affluent domestic and international buyers.
• ラ ヴィーニュ 白馬 by 温故知新 (La Vigne Hakuba) Hotel condominium in Hakuba with 38 units, all corner rooms with mountain views, operated by Michelin-key hospitality operator Onko Chishin, combining personal-use ownership with hotel rental income, targeted at affluent buyers seeking a luxury resort residence.
• 軽井沢リトリート muro (Karuizawa Retreat muro) Hotel condominium in Karuizawa with 17 units, all with private hot spring baths and an average unit size of approximately 111 square meters, developed with hospitality operator Onko Chishin and architect Makoto Shirahama, offering personal-use ownership and managed hotel rental income.
• 阿蘇リトリート HONO by 温故知新 (Aso Retreat HONO) Luxury hotel overlooking the grand scenery of southern Aso in Kumamoto Prefecture, operated by Michelin-key hospitality operator Onko Chishin, opening November 2, 2026, targeting affluent guests seeking regional luxury resort experiences.
• Niseko Loop Group's first villa lot subdivision project in Niseko, Hokkaido (a world-renowned ski resort destination), offering individually platted villa lots for affluent Japanese and international buyers seeking a luxury second home in a premier resort market.
• LIST FARM (LIST FARM 合同会社) Agricultural business initiative in the Niseko area of Hokkaido, cultivating potatoes, corn, pumpkins, and carrots and distributing products locally and nationwide via e-commerce, supporting regional revitalization, food security, and addressing aging-population/successor shortages in primary industry.
• LIST RESIDENCE series For-sale residential condominium brand operated by List Development since 1991, encompassing multiple individual condominium projects across the Tokyo and Kanagawa markets, targeting owner-occupier and investor buyers of urban mid- to high-rise condominiums.

Quantifiable outcome

• 6,000+ condominium units delivered cumulatively

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Ten partnerships are on record, tiered key and core.

• CassinakeyStrategic or Co-development Partner · 1 January 2024Italian luxury furniture brand providing interior design supervision for THE TOWER Shonan Tsujido entrance space. Known for sophisticated craftsmanship and refined functionality in hospitality and residential interiors.
• 森田恭通 (Yasumichi Morita / Glamorous Designer)keyStrategic or Co-development Partner · 1 January 2024Internationally renowned designer providing exterior and entrance design supervision for THE TOWER Shonan Tsujido project. Creates understated yet refined design balancing natural warmth with contemporary sensibility.
• Poltrona FraucoreStrategic or Co-development Partner · 1 January 2023Italian luxury furniture brand founded in 1912, renowned for Pelle Frau leather. First branded residence collaboration in Japan for Poltrona Frau Suites MOTOAZABU project. Provides total interior design coordination with signature furniture throughout the residence.
• APOLLO Architects & Associates (黒崎敏)coreStrategic or Co-development Partner · 1 January 2023Internationally acclaimed architectural studio led by Satoshi Kurosaki. Collaborated on Poltrona Frau Suites MOTOAZABU design. Known for innovative fusion of classical and modern design in residential and resort projects worldwide.
• List Sotheby's International Realty (リストサザビーチズインターナショナルリアルティ)coreStrategic or Co-development PartnerGroup company holding exclusive rights to operate Sotheby's International Realty brand in Japan. Provides global luxury real estate network spanning 80+ countries, enabling List Development to reach international HNW clients and elevate Japanese properties to world-class standards.
• 温故知新 (Onko Chishin)coreStrategic or Co-development PartnerMichelin-key hospitality operator managing hotel condominiums La Vigne Hakuba and Karuizawa Retreat muro. Known for distinctive small luxury hotels and regional retreat properties. Philosophy: 'little evangelist of local lights' - illuminating regional character and creating purpose-driven travel destinations.
• B&B ItaliakeyStrategic or Co-development PartnerItalian furniture and design company founded in 1966, leading global luxury hospitality interior design. Selected for shared space interiors at Karuizawa Retreat muro project, bringing world-class design aesthetics to common areas.
• 白浜誠建築設計事務所 (Makoto Shirahama Architecture)keyStrategic or Co-development PartnerArchitectural design firm led by Makoto Shirahama, former director at Kengo Kuma Associates. Designed Karuizawa Retreat muro with concept of 'architecture in a grove of trees' - creating seamless indoor-outdoor spatial flow.
• LIST FARM合同会社keyStrategic or Co-development PartnerSubsidiary agricultural company established March 2024 in Niseko area, Hokkaido. Addresses regional challenges of aging workforce and successor shortages in agriculture. Cultivates potatoes, pumpkins, corn, carrots, and other crops, contributing to regional food security and community vitality.
• List Group Companies (リスト株式会社, リストアセットマネジメント, リストホームズ, リストプロパティーズ)coreStrategic or Co-development PartnerParent and affiliated companies within List Group providing corporate functions, brokerage, asset management, detached house development, and property management services. Enables integrated real estate operations across multiple business domains.

Scale indicators5 records

Recent moves8 records

Expansion highlights4 records

Broad incumbents

• Sekisui House, Ltd. Largest Japanese homebuilder with diversified residential operations including custom-built and developer housing. Broad incumbent comparison; while active in luxury segment, primarily operates at larger scale with broader geographic coverage than List Development's luxury specialization.
• Mitsubishi Estate Co., Ltd. Largest Japanese real estate developer with diversified portfolio across residential, commercial, hospitality, and international assets. Broad incumbent comparison to List Development's luxury operations, but with significantly greater scale and broader asset class coverage.
• Sumitomo Realty & Development Co., Ltd. Major Japanese developer with substantial residential condominium operations including luxury towers in central Tokyo. Broad incumbent comparison due to scale advantages, though Less specialized in luxury branded residences and resort hotel condominiums than List Development.

Others

• Kajima Corporation: Major Japanese construction and real estate development company with significant resort and urban development operations. Adjacent comparable for project execution capabilities and resort destination development rather than direct residential product competition.
• Sotheby's International Realty Affiliates LLC: Global luxury real estate network operating in 80+ countries and the brand licensor for List Sotheby's International Realty. Ecosystem enabler providing distribution reach and brand prestige that underpins List Development's international HNW buyer access.

Direct peers

• Mori Building Co., Ltd. Tokyo-based luxury real estate developer of iconic mixed-use complexes including Roppongi Hills and Toranomon Hills. Directly comparable to List Development in luxury branded residences, Tokyo prime location focus, and integrated development approach combining residential, hospitality, and commercial.
• Tokyu Fudosan Holdings Corporation: Diversified Japanese real estate developer with strong resort (Hakone, Karuizawa) and urban operations including branded residences. Comparable resort-urban hybrid strategy and luxury hospitality positioning to List Development's four-segment model.
• Hulic Co., Ltd. Tokyo-centric real estate developer focused on premium-location office, hotel, and residential properties with strong value-add approach. Comparable to List Development's Tokyo luxury focus and Building segment operations including hotels and rental apartments.
• Tokyu Land Corporation: Major Japanese real estate developer with extensive resort and urban operations. Comparable to List Development in resort destination focus (Hakone, Karuizawa area) and diversified asset portfolio spanning residential, hotel, and commercial properties.
• NTT Urban Development Corporation: Tokyo-focused real estate developer of mixed-use and residential properties including luxury towers in prime locations. Comparable to List Development in Tokyo luxury residential focus and large-scale urban development execution.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about List Development Co.