Issuu

R E A L

E S T A T E

J O U R NA L

2021

N I S A D E R E A L E S TAT E .CO M

c ha i r m a n ' s a ddr e s s

Welcome to the 10th edition of the NISADE real estate Journal. Certainly the 2020 edition covers a year most of us would like to see well behind us and with that we trust you, your family and friends and all associates remain well into 2021. Niseko again proved its resilience as a destination in which to invest, back in March 2020 the market slammed to an immediate stop, what enquiry we had evaporated and many deals in progress stalled. Not good signs. However like the world equity markets after that huge drop driven by sudden panic and fear in March the market resumed, actually had borders been open through out that period the Niseko market probably would have traded at or near normal conditions. The biggest impact to completing transactions is definitely the inability to conduct on site inspections. Nothing like buying a property while on holidaysâ€Ś. Enquiry has continued and in last 60 days has seen uptick across all market facets. Enquiry is leading to transactions which is showing buyers are still active and will trigger. Our team recently sold another apartment in The Vale Rusutsu which vindicates the continuing interest in not just the Niseko market. Within our product offerings in the Journal this year we have opportunities to invest in Furano, Kiroro and Rusutsu. 2020 has caused a big impact to investor returns within the rental markets, the hit from the early shut off in March 2020 completely over shadowed by the closed border impact in winter 2020 / 21. However that will be partially offset by winter 2021 / 22, already we see significant demand right across winter, everyone is locking in their ski trips during these times of lockdown and we definitely expect a strong turn around. If 2020 gave Niseko anything it was a new focus market, the pivot to the domestic market this winter will see increased volumes of domestic visitors helping to spread bookings right across winter. Development projects have continued and several new and exciting projects are on the books, one the keynote projects for NISADE is a new ski in / ski out project with private onsens right on the family ski run. Developed by a leading Singapore / Malaysia developer this boutique offering is world class with spa facilities, dining facilities right on the ski run. Other projects within our Development portfolio include Zia a mixed inventory offering across townhouse and apartments in Kabayama in a boutique onsen estate.

In the wider market we will see Setsu completing and opening for winter 2021, a significant increase to the village bed base and an exciting offering in retail and dining experiences. Hanazono and Niseko Village continue their overall development programmes with new offerings leading the overall area forward. The Hanazono journey from green fields resort to expanded ski terrain with new lift infrastructure and new accommodation offerings is but one story, the Niseko Village latest delivery with the Ritz Carlton residences showing it likewise is driving a structured and long term development strategy. Hirafu should see the former Kogen Hotel site released to market this winter so overall the exciting times right across the area continue. Investment wise there remains good opportunity in the secondary market, this traditionally has lagged the primary market due to the many off the plan offerings which has created a value vacuum in this sector. We have moved our journal online through necessity, so browse the pages and contact our team with questions or to arrange virtual walk throughs.

J O N AT H A N M A R T I N

R E A L

E S T A T E

J O U R NA L 2021

04 R E A L E S TAT E

04 |

M E E T T H E R E A L E S T A T E T E A M

06 |

N I S E K O M A R K E T T R E N D S

07 |

P R O P E R T Y O V E R V I E W

09 |

I N V E S T I N G I N H O K K A I D O

11 |

B E Y O N D N I S E K O

13 |

H A N A Z O N O & A N N U P U R I

14 |

M A R K E T O V E R V I E W

16 |

S A L E S P R O C E S S

1 8 | F A Q S 20 |

P R O P E R T Y T A X G U I D E

22 |

R E A L E S T A T E

contents

Development

listing s

2 4 | M E E T T H E DEVELOPMENT TEAM

34 |

T H E VA L E R U S U T S U

38 |

INTUITION

42 |

F E A T U R E D L I S T I N G S

50 |

P R O P E R T Y L I S T I N G S

86 |

L A N D L I S T I N G S

26 |

D E V E L O P M E N T B R I E F

27 |

P R I C I N G G U I D E

28 |

S C O P E O F S E R V I C E S

30 |

K Y O - C O M I N G S O O N

32 |

ENIX - PHASE TWO F COMING SOON

3 3 | M A N A G E M E N T

meet the REAL E S TAT E t e a m

j o nat ha n m a rt i n As chairman of Niseko Alpine Developments CO LTD, Jonathan has been on the front line of many of the village's high-end developments with several winning awards in the world ski awards. With over 20 years of experience in all aspects of real estate, including development, sales and management both in Australia and Japan, his experience is invaluable to any purchase decision.

K e n t P r i or This will be Kentâ€™s sixth year with Nisade Real Estate and 13 years living in Niseko. Kent has an excellent reputation amongst our clientele for real estate transactions. His knowledge of the market whether it be for investment, lifestyle or development is an invaluable asset to have. Niseko has seen huge growth over the past ten years and Kent has witnessed it all, he believes the next ten years will be bigger than the last.

Ta i j i Ha s h i z u m e Certified Japanese Real Estate Licensee, Taiji is a true Niseko local and is a crucial part of the Nisade team. With extraordinary skills in ensuring compliance and buyer protection. He brings a wealth of knowledge to the Nisade team. His role involves checking property specifications to ensure what vendors represent matches council records, and to making sure any risks are identified and investigated.

u p wa r d t r e n d i n n i s e ko ' s a n n ua l v i s i t or n u m b e r s c on t i n u e s Hokkaido is renowned for being one of the top destinations for travel in Japan, with its stunning natural scenery, Onsen (hot springs), fresh seafood and its famous powder snow. Year on year we see an increase in visitor numbers and it’s not hard to see why. Niseko is most popular with Chinese, Hong Kongers and Singaporeans, contributing to nearly 30% of our total visitors over winter. We are seeing an increase in tourists from Korea, Indonesia and Europe and expect this to continue with the expansion of international routes to Sapporo’s New Chitose Airport. In 2018 Annual visitor numbers to Japan continued its upward trend despite concerns over declining numbers due to natural disasters. The total number of Annual visitors reached 31.2million in 2018 with forecasts of 33.5million visitors in 2019. The Japanese government have a well-publicized goal of achieving 40 million annual visitors by 2020 and beyond. Hosting the 2019 Rugby World Cup broke records in terms of visitor and

viewer numbers. With the highest record attendance (400,000 international visitors), television viewer numbers and economic impact (437 billion Yen). Overall Niseko’s visitor number continues to grow. Niseko’s Tourism Board published figures of 1.67million annual visitors for the Niseko Region for 2018. Data from the first half of 2019 has already seen 4.6% increase in visitors to Hokkaido. The Land, Infrastructure, Transport and Tourism Ministry released their annual survey in September 2019. It showed that Kutchan commercial and residential property prices have increased by 66.7% from a year earlier in July, the highest increase in Japan. Kutchan also logged the second and third highest residential land price increases. With the town of Kutchan being first in Japan to add a set percentage accommodation tax of 2% on all stays within its jurisdiction, which covers the Niseko ski area. This levy will contribute to improving local services to handle the increasing tourist numbers.

P rop e rt y Ov e rv i e w Niseko is consistently seeing an increase in land and property prices, driven by developers and investors searching for their share of the action. While the scaled development of condominium hotels continues, we are also seeing an increase in developers building larger housing developments such as Pavilions (Ginto Residences), Intuition and Drift, to which the market has responded well. The global COVID 19 crises has had little to no impact on the property market here in Niseko. With investors still keen to get there slice of the action. Developments such as Kyo, a new ski in ski out development with a prime location in Hirafu, Is leading the charge. Global hospitality brands such as Ritz Carlton, Park Hyatt and The Pavilions will attract a new level of clientele. The heavy hitting developers SC Global have not slowed their Setsu Niseko development, work continues full steam ahead. Buyers continue to search for a luxury investment in Hokkaido and although the market remains strong in Niseko, return driven buyers are seeking investment in areas where the market is growing, driven by developers and investors with the desire to see the success of Niseko replicated in other ski resorts. We expect that there will be further future development plans in Rusutsu, Kiroro, Furano, Tomamu and Asahikawa. The new Vale Rusutsu building, opening December 18 2020, has set a new standard in Rusutsu. With large family style apartments being the focus, it is a very welcome site for the resort. The look and feel of the building set a new benchmark for the area. Sales have been strong, with people looking for higher net returns, they see the value of investing in a year-round resort like Rusutsu.

I n v e s t i ng i n H ok k a i d o Hokkaido is renowned across Asia. The unbelievable alpine winter experience is countered in the summer by world class golf courses, extensive mountain bike runs and miles of hiking trails. Across a landscape that is open, beautiful and welcoming. The land is complimented by a kind culture, culinary excellence and delicious local produce. A new wave of development is moving across Hokkaido’s resorts, driven by the success of Niseko. Stretching to the north in Furano, the hotel-condominium Fenix opens this year under Nisade's management and on Mt Yōtei’s doorstep The Vale Rusutsu is also open December 18th 2020 leading the way for the first ski in ski out condo development in Rusutsu also under Nisade management.

NEW CHITOSE I N T E R N AT I O N A L A I R P O R T Although currently closed and awaiting to reopen due to the current global crises. New Chitose International Airport has increased its capacity again, and new routes are landing directly in from destinations from further afield to meet the increasing demand. Year on year we see an increase of international routes with 22 new cities added just this year including Helsinki – Finland and Sydney – Australia. Japan’s 5th largest city Sapporo city a direct 35-minute train ride away, it is a vibrant and expansive place with plenty to offer its international guests.

I N T E R N AT I O N A L Hokkaido is in close reach of the 1.6 billion East Asian population. The island’s visitors are showing the breadth of emerging economies that are coming to have access to premium holiday destinations. China is another key market in both investors and middle-class holiday makers, only a four-hour flight away. European and North American interest is being steered away from their local resorts by Hokkaido’s pristine and unforgettable snow conditions. With many making the north a key destination of their Japan bucket list.

DOMESTIC Niseko and the wider area have the attention of the rest of Japan. Domestic flights from Tokyo to New Chitose Airport are convenient and affordable. With fewer flights than normal still operating due to the COVID-19 epidemic we are still seeing a good response from the domestic market.

INVESTMENT The Niseko buyer profile covers a wide spectrum, from the larger developer and hotelier to smaller, one-time developers through to private single dwellings buyers. The market is steered by buyers with young families, who invest in the area and encourage their peers to do the same. The introduction by the Hyatt brand in Hanazono opening their hotel and residencies in the 2019-2020 winter has raised the attention again of the long-term prospects of the Niseko area. With new developments such as The Maples, Skye, The Pavilions and Intuition having sold well, we expect this trend to continue this coming winter season as the property market diversifies both in Niseko and beyond.

FOUR SEASONS The Niseko United ski area is one of Asia’s largest ski fields and is world famous for the incredible quality and quantity of its powdery snow, averaging 16m of snow per season. The South-Western Hokkaido region receives low pressure weather fronts from Siberia and a low moisture count, combined with temperatures rarely above 5 degrees. These weather conditions deliver the consistent Niseko powder. Hokkaido’s distinctive season change lends this island even more appeal. With its unspoiled natural beauty and warm temperatures, Hokkaido summers are popular with Japanese tourists seeking respite from Honshu’s humid summers. The clean air, blue sky, colourful flowers and undulating hills draw outdoor lovers from all over the globe.

A S A H I K AW A

KIRORO FURANO

OTA R U

SAHORO

SAPPORO

N I S E KO

CHITOSE AIRPORT

RUSUTSU

H A K O D AT E

OBIHIRO

B e y o n d N i s e ko

RUSUTSU As Hokkaido’s largest all-season resort, Rusutsu is beloved for its magical winters, world class golf courses, popular amusement park and new hot springs – onsen complex. Rusutsu Resort has been celebrated at the World Ski Awards, winning the title of Japan’s Best Ski Resort in both 2017,2018 and 2019. The Vale Rusutsu, due to open its doors December 18th, 2020 will be the first condominium-hotel in Rusutsu and the first phase of the re-invention of Rusutsu Resort. Since the release of The Vale Rusutsu, developed by Nisade in partnership with Kamori Kanko, we have seen increased interest in Rusutsu, everything from small house plots to larger development land. Prices are steadily on the rise in both Rusutsu and the surrounding area, stretching as far as Lake Toya. As Kamori Kanko gets set for phase two of the redesign including a shopping mall, restaurants and a boutique hotel we expect this trend to continue.

FURANO A popular town in the center of Hokkaido, Furano is a powder heaven that is equally famous for beautiful lavender fields in the summer season. Furano’s newest development, Fenix is due to open in December 2020. Fenix Furano features 33 full-service units, ranging from hotel-style suites to 3-bedroom apartments and penthouses, offering a coveted ski-in ski-out address and immediate access to village amenities. With Fenix Furano having sold well we expect further development to follow. Fenix is also under Nisade management so owners and guests can expect the same level of service that has made Nisade the number one luxury management company.

KIRORO Kiroro has been a relatively unknown ski resort, up until now. Kiroro Resort is ideal for powder hunters looking to escape the queues in Niseko Resort, with 22 runs offering some of the steepest back-country terrain in Hokkaido. Since the purchase of Kiroro by a Thai real estate developer Property Perfect, there has been the release of the Kiroro Masterplan featuring upgrades to the existing infrastructure and further development of the resort. Yu Kiroro is now in its second year of operation and has received good reviews from owners and guests.

Odin Hills

Ha na z o n o & a n n u p u r i Hirafu, Niseko Village, Hanazono and Annupuri make up the Niseko United Ski Resort, in the most recent years development has been concentrated in the Hirafu and Niseko Village area however as prices continue to rise, investors and developers are expanding their view to its neighboring villages. Hirafu will always remain the central hub of the Niseko area. With all the restaurants and bars being situated in Hirafu It will continue to be the go-to spot.

HANAZONO Hanazono was previously a quiet village with little significant development. The Park Hyatt has brought the first major development in the area with more expected to follow in 2021. Odin Hills is the most recent to enter the market with its offerings of land packages for private residences. This fully master planed site sits just seconds away from some of the worlds best powder snow. With more

developments in the pipeline for Hanazono and surrounding area we expect to see investment interest rise in the area over the next few years.

ANNUPURI & MOIWA Annupuri with vast open spaces, onsensâ€™ and Michelin star-chef restaurants is a popular choice for both owners and tourists alike. The area however remains relatively undeveloped in recent times compared to its neighboring ski towns in Niseko Village, Hanazono, and of course, Hirafu. Previously in Annupuri, we have seen a focus on small residential developments followed by boutique housing estates such as Annupuri Residences, Annupuri Village and more recently Annupuri Gardens however with big-name operators such as Aman Resorts planning to develop in its neighbouring village Moiwa in the future, we expect increasing and scaled international investment into Annupuri.

M a r k e t O v e rv i e w • Niseko’s real estate market continues upward momentum with developers securing land deals and applying for development approval. • Property prices continue to increase despite the global crisis. • Domestic buyers, particularly those from outside of Hokkaido are investing in Hotel-branded projects and family-friendly properties. • Demand is radiating to Niseko’s surrounding areas including Niseko Village, Annupuri and Hanazono. • Alpine Real Estate development is spreading to areas farther away such as Kiroro, Rusutsu, Tomamu and Furano.

Trends • In the condominium market the total annual transaction value hit 1.3billion USD in the previous year. • House and land plots transacted 273million USD last year. • Larger families looking to free standing homes for holiday accommodation.

F o rwa r d O u t l o o k • 530 new residential units will be developed in Niseko by 2022. • The Shinkansen train link between Hakodate and Sapporo via Kutchan Station is expected to be completed by 2030. • Moiwa ski resort development is to include an adventure park, new lifts and hotels. • Hanazono is set to expand their village development with additional hotels and residential properties. • New luxury ski-in ski-out development set for Niseko.

Source: C9Hotelworks

Intuition – Penthouse

sales pro cess PA RT 1: T I T L E T R A N S F E R D O C U M E N T P R E PA R AT I O N

P U R C H A S E R E L AT E D C O S T • Nisade sends it to the buyer. It includes all purchase related costs. - Property purchase price - Solicitor fee - Taxes

O F F E R ACC E P TA N C E

DRAFT OF CONTRACTS P R E PA R E D BY N I SA D E

PA RT 2: C LO S I N G

DOCUMENTS EXECUTED • Once you’ve signed and had the documents notarized by Notary Public in your country, you need to send the hard copies to Nisade

S E T T L E M E N T S TAT E M E N T ISSUED BY NISADE

SETTLEMENT FUNDS

• Sale and purchase agreement • Statement of important matters

• The buyer needs to pay it to the solicitor’s trust account one week prior to settlement

• It takes 2-3 business days from step 2

CONTRACT SIGNING BY BOTH SELLER AND BUYER

• Basically we request you sign by “Right Signature” (online signing platform)

D E P O S I T S TAT E M E N T • The buyer needs to pay it to the solicitor’s trust account in Japan. The solicitor releases it to the seller when both the buyer and seller have signed the contract, and the buyer has approved the transfer

TITLE TRANSFER D O C U M E N T S P R E PA R AT I O N • The solicitor prepares two documents -P ower of Attorney (POA): gives solicitor the authorization to transfer the title - Affidavit: Stamped/sealed by Notary Public - These documents are emailed to you by Nisade

SETTLEMENT • The day before settlement, Nisade will request funds and confirm all is in order to settle. Settlement takes place

NEW TITLE DEED • It takes two weeks for the new title deed to be issued from the settlement

S A L E R E CO N C I L I AT I O N • Once the new title deed is issued, Nisade will contact you and ask for sending address • Nisade will send you the new title deed and reconciliation document

H ow t o f i n d yo u r p e r f e c t p rop e rt y

WE’RE A SMALL TEAM OF INDIVIDUALS FULL SPECTRUM OFFERING

Our offering is across the full spectrum – high end homes, condominiums, commercial property, townhouses, land and large scale development sites. With over USD450m in sales in the last three years the Nisade team knows the market for buyers and for sellers. Partnering with international firms such as Sotheby’s Tokyo, Property 4 East in Brussels and numerous agencies throughout Hong Kong and Singapore, we get the results and we genuinely care about them. Our mission is to ensure property investment in Niseko is transparent, straight forward and ultimately satisfying, contributing towards a sound economical investment and your personal lifestyle goals.

THE JOURNEY DISCOVERY – GETTING TO KNOW ONE ANOTHER

We break the ice over some tea, beer, wine or sometimes even a few powder turns. If you’re not in town, we always prefer the initial talk though video chat/telephone. Why? – It gives us a chance to get excited, to find out what’s important to you, and is a great segue into helping us from a strategy that works within budgets and makes things happen.

KEEPING IT REAL R E A L TA L K . R E A L N U M B E R S . R E A L A DV I C E

We present information with facts and hard numbers; not just pretty pictures. We know the community and take an active role to support sustainable forward thinking and voice our opinion when we think it’s not. We’re passionate about property, what is current in our markets, and the future of Niseko, and we love to talk about it. With this knowledge and advice, we can help you narrow down the search for your perfect property.

SETTLEMENT / HANDOVER AFTER THE CHAMPAGNE STOPS FLOWING, W E ’ L L S T I L L B E C E L E B R AT I N G W I T H YO U

You’re ecstatic about your new home and it’s exactly what you wanted it to be. Just as in a good sequel, we’re glad that all is not over and the relationship doesn’t end there. Perhaps it’s an apres ski catch-up, or some friendly advice offered on anything property related. Some have even approached us to manage their new asset. As one of Niseko’s most established management companies with a varied property portfolio, we understand the industry and can guide new owners until they were well and truly settled in.

CO N TAC T GET IN TOUCH WITH US TO GET THE BALL ROLLING

Aura Niseko

Pop in to our Showroom in The Vale Niseko or speak to an agent. We’d love to hear from you.

F. A . Q WHY INVEST IN NISEKO? Let’s tackle the big question first. In addition to Niseko offering an incredible lifestyle investment choice for all ages, it has more importantly proven itself to be an outstanding and consistent market performer over the past decade. Weathering the storms of the ‘07-‘08 GFC and 2011 tsunami that ravaged the Eastern coast of Japan, Niseko emerged from these difficult times not merely unscathed, but with such strength and force that it is now widely regarded as a first-class global ski destination for the world’s elite. With Niseko now brushing shoulders with the big-boys of Whistler, Vale, Chamonix and Val D’Isere, and with a practically untapped summer season offering a plethora of championship golf courses within easy access, delicious fresh produce, stunning scenery, nutrient-rich onsens, and unmatched air quality in the Asian region. Hokkaido’s Niseko, and surrounding areas, are increasing in popularity each year and are cementing themselves as a truly international force in global tourism. Demand for high quality accommodation and facilities continues to drive the market, especially in the luxury segment. Winter continues to be strong and the summer season is showing encouraging growth. As Niseko moves from its well-established reputation of Asia’s premier winter-wonderland and into the yearround destination of activities, wellness and culinary delights, the time to enter the Niseko story has never been better.

WHO WILL MANAGE MY PROPERTY? Niseko has a good number of operating management companies to choose from. However, as it is most likely that your new property acquisition is already managed, we recommended to remain with this company for the immediate future, allowing yourself time to make a more informed and experienced decision – unless of course you have a specific reason for changing.

W H AT D O E S T H E M A N AG E M E N T COMPANY PROVIDE? Services generally include: • Reservations • General maintenance • Utilities & other bill payments • Snow clearance • Cleaning and laundry • Accounting and Tax services A concierge service may also be provided by certain management companies.

W H AT A R E T H E C O S T S F O R YEAR-ROUND MANAGEMENT?

The benefits of 100% freehold ownership and the lack of restrictions on foreign buyers, elevates Niseko from a mere lifestyle investment to a very sound, financial investment, of which many astute investors in the Asian region and beyond have taken advantage of. Niseko investments are now found in the portfolios of some of the largest and most recognisable property investment firms in the world.

Typically, management fees total circa 35% of the nightly rate plus an annual expenses fee.

Niseko continues to remain the fastest appreciating real estate market in Japan and the area is showing no signs of slowing down its growth-trajectory as an Asian destination.

• 10% Management fee of gross rental income covers managing owner’s accounts and reports, paying all utilities and other charges

W H AT A R E T H E E X P E C T E D R E T U R N S ?

• 25% Letting Management fee of gross rental income

Returns differ across property category and vary according to specific location. Historically, bookings in Hirafu Village generally and Nisade Real Estate properties specifically, have consistently experienced 90-120 days of letting per year. With the summer season growing each year in popularity and with feet on the ground increasing year-on-year, the number of nights booked is set to increase and enhance returns. Although Niseko has made incredible progress in terms of international reach and reputation, property prices are still well below comparable resorts in both North America and Europe. Average yearly returns in Niseko have typically ranged between circa 2.5-5.5% and indicators suggest this range remains an accurate forecast for the immediate future. Major factors affecting returns include specific units’ size (number of beds) and location (access to ski lifts). Higher returns will be realised if the property is available to the rental market over peak periods including Christmas and Chinese New Year. 18

MANAGEMENT

These fees breakdown as follows:

Utilities and other outgoing expenses (e.g. maintenance, cleaning, insurance, tax) are paid for by owners. This represents an estimated 20% to 30% of gross rental income.

O W N E R S TAY S In order for properties to generate the healthy returns typically enjoyed in Niseko, owners and direct family will generally be allowed a minimum of 14 nights in winter and 14 nights in summer usage. A management fee of circa 10% of the rack rate is usually applied to additional stays. Different developments have different policies and as such Nisade recommends buyers request and understand the specific policy of their chosen development to ensure they make an informed decision.

AGENT COMMISSION

• Sales commission – 3% of agreed sales price

FREEHOLD TITLE

No commission is typically charged on the

• Contracts are registered in Japan by local

• 100% free hold title

sale of off-plan developments. For secondary market properties and land acquisitions, commission is 3% of the agreed sale price. A flat fee of 60,000 yen will added to the cost if contracts are signed here in Japan. However, if contracts are signed off-shore there is no additional cost.

solicitor firm Satoshi Yoshida

SOLICITOR FEE Vary depending on the size of the transaction. • Calculated based on the agreed sales price & charged @: • ¥165,000 for sales price under ¥50m JPY

P U R C H A S E R E L AT E D C O S T S A N D TA X E S :

• ¥220,000 for sale price greater than

Nisade Real Estate recommends buyers

• ¥275,000 for sales price greater than

account circa 5% of the agreed sales price for purchase related costs. Typically, these purchase associated costs amount to less,

¥50m & under ¥100m JPY

¥100m & under ¥150m JPY (These fees increase by ¥50,000 JPY for every

especially for land purchases.

¥50m JPY above ¥150m JPY)

Associated costs for property acquisitions

T I T L E R E G I S T R AT I O N S TA M P D U T Y

include the following: • Stamp Duty – 2 kinds: • Contract Stamp Duty – calculated based on the sales value of the property (paid by both buyer & seller) - ¥20,000 for properties valued @ ¥10m ¥50m JPY - ¥60,000 for properties valued @ ¥50m ¥100m JPY - ¥100,000 for properties valued @ ¥100m - ¥500m JPY • Stamp Duty Registration – calculated based on the local council’s value of the

Calculated based on the local council’s value of the land and building (typically much less than the agreed sales price) • 1.5% of land value + • 2% of building

AC Q U I S I T I O N TA X • Calculated @ 3% for the land and 4% of the building, based on the local council’s value of the property • Generally, equates to circa 1% of agreed sales price

land and building (1.5% of land value + 2% of building) • Solicitor’s fees – calculated based on the agreed sales price – charged @: • ¥157,500 for sales price under ¥50m JPY • ¥210,000 for sale price greater than ¥50m & under ¥100m JPY • ¥262,500 for sales price greater than ¥100m & under ¥150m JPY (These fees increase by ¥50,000 JPY for every ¥50m JPY above ¥150m JPY)

A N N UA L F I X E D A S S E T S TA X • Calculated @ 1.4% of the local council’s property value. Payable pro-rata for the year of purchase

FINANCING • On the whole, finance is not available to foreign investors who do not hold Japanese residency • Recently however, some financial institutions in buyers’ home country have offered

• Property Acquisition Tax – calculated based

financing. Nisade Real Estate recommends

on the local council’s value of the property

exploring all avenues open to buyers in their

@ 3% for land & 4% for building (generally

home country and/or country of residence

equates to circa 1% of agreed sales price) • Bank Charges – associated bank charges for wire transfers to and from solicitor account paid by the buyer

• Some new developments may offer financing - please contact us for information

• No restrictions on foreign ownership

H O W LO N G D O E S I T TA K E TO BUY PROPERTY? • 4-6 weeks is the standard timeframe for transfer of ownership in the Niseko resort area • This timeframe can be shortened or lengthened as required and requested

HOW DOES THE SALES PROCESS WORK IN JA PA N? O F F E R & AC C E P TA N C E • Once a buyer has decided on the property they wish to acquire: • An offer is made by the buyer and communicated to the vendor • Vendor will either except, decline or counter • Once the offer is accepted by the vendor • A purchase price and payment schedule is agreed upon by both parties (deposit & settlement amounts – typically 20% & 80%)

CONTRACT SETTLEMENT • The Japanese legal office couriers the buyer Power of Attorney and Statutory Declaration documents for the buyer to sign, have notarized and return • Nisade Real Estate emails the buyer settlement payment information for the property purchase • Buyer transfers payment of the settlement balance and related charges on settlement day

TITLE TRANSFER & OWNERSHIP • The Japanese legal office sends the title to the Title Registration Office • The legal office couriers the new title naming the buyer as owner to the buyer • Nisade Real Estate couriers the sales agreement and Statement of Important Matters documents to the buyer

P r o p e rt y TA X G u i d e BUYER

• Not applicable to land-only purchases • JCT may or may not be included in Sales Price – Buyers should always check prior to agreeing to purchase

C O N T R AC T S TA M P D U T Y AC Q U I S I T I O N S TA X - O N E -T I M E F E E Calculated based on the local council’s assessed value of the property (NOT the sales price) • Land – 3% • Building – 4% (Typically, lower than the sales price – approx. 1% of agreed sales price)

A N N UA L F I X E D A S S E T TA X ( P R O P E R T Y TA X ) • 1.4% of the government assessed property value

Calculated based on the sales value of the property (paid by both buyer and seller) • ¥20,000 for properties valued @ ¥10m - ¥50m JPY • ¥60,000 for properties valued @ ¥50m - ¥100m JPY • ¥100,000 for properties valued @ ¥100m - ¥500m JPY

OWNER

• Payable pro-rata for the year of purchase

Y E A R LY T A X E S

• Payable annually for each year of ownership

• Fixed Asset Tax – 1.4% of government assessed property value

T I T L E R E G I S T R AT I O N S TA M P D U T Y – ONE-TIME FEE Calculated based on the local council’s value of the land and building (typically much less than the agreed sales price) • 1.5% of land value + • 2% of building

J C T (JA PA N E S E C O N S U M P T I O N TA X ) – ONE-TIME FEE • 10% of SALES price (Not government assessed building value) • Buyers can claim this back if the property they acquire is rented out in the subsequent year in the tourist market (subject to certain conditions)

Not applicable if non-Japanese buyer signs contracts offshore.

• Income Tax – income based on net income. (Gross income – deductible expenses and depreciation = net income) • Nisade Real Estate recommends buyers seek professional tax advice to ensure compliance • For an individual: - 5%-40% • For a company – generally: - 20% for annual income less than 8m JPY - 26% for annual income greater than 8m JPY *Please seek professional advice • Withholding tax on rental income IF rented out on a long-term lease • 20.24% of GROSS income

SELLER C A P I TA L G A I N S TA X For Individual / Private Ownership: • Under 5yrs @ Circa 30% • Over 5yrs @ Circa 15% For Companies (case-by-case) – generally: • Circa 22%

W I T H H O L D I N G TA X 1 0 . 2 1 % (OF GROSS SELLING PRICE) • Seller needs to appoint a tax representative in Japan to file a final tax return to have any balance owed returned to them (less any taxes that may have been owed)

J C T (JA PA N E S E C O N S U M P T I O N TA X ) (not applicable on land only sales) • 10% applied to the selling price • Sellers should factor this in to their sales price

• N O R E S T R I C T I O N S O N F O R E I G N INDIVIDUALS OR COMPANY OWNERSHIP OF JAPANESE PROPERTY • T H E A B O V E I S A G U I D E O N L Y A N D D O E S NOT CONSTITUTE ADVICE! • P L E A S E C O N T A C T A T A X S P E C I A L I S T F O R M O R E I N F O R M AT I O N A N D PROFESSIONAL ADVICE!

Katsura

r e a l e s tat e Nisade Real Estate offers the full spectrum, high-end homes, condominiums, commercial property, townhouses, land and large-scale development sites. Completing over 500million USD in sales in the last three years, the Nisade team understands the market for both buyers and sellers. Partnering with international firms such as Sotheby's Tokyo, Property 4 East in Brussels and numerous agencies throughout Singapore and Hong Kong. Our mission is to ensure property investment in Niseko is transparent, straight forward and ultimately satisfying, contributing towards a sound economical investment and your personal life goals.

PROJECT MANAGEMENT At Nisade, we believe that excellent project management can be predictably controlled using proficient project management. Holding true to our experience and driving forward with constant improvement. We focus on client communication, reporting, firm documentation and systemized task controls; Nisade believes in risk averse project management.

The Pavilions

Intuition Penthouse

O P E R AT I O N A L , P R O P E R T Y & FACILITY MANAGEMENT Nisadeâ€™s services continue after construction. We Operate and Property Manage many of the projects that we have had a role in developing. We also work closely with other developers on projects in the local area. Nisade also provides Facility Management & Maintenance, making sure that investments are cared for.

FEASIBILITY Behind any developmentâ€™s success is the precise calculation of risk and return. When developing for an international buyer, creating a scenario of possibilities with a focus on cashflow and projections is vital. This key methodology needs stringent application to ensure the client is fully versed in their project returns prior to commencing the journey.

E N V I R O N M E N TA L Nisade advocates developing sustainable products and esthetics that merge with the natural environment. Ecologically Sustainable Development (ESD) is not difficult to structure into any building and with some forward planning and can be positioned into most facets of the development.

Fenix Furano

meet the DEVELOPMENT team J o nat ha n M a rt i n DEVELOPMENT DIRECTOR BACHELOR OF BUSINESS CHARLES STURT UNIVERSITY

With over 16 years of experience, Jonathan has an extensive knowledge and skill base in Development Management. These skills were honed managing money of high net worth individuals in property development across industrial, commercial and residential development. As founding shareholder of an Australian Securities and Investment Commission (ASIC) licensed Funds Manager at Quantum Syndicate Management Ltd. Jonathan experienced the entire development mandate, from site identification, project financing, and due diligence through to project management, construction, and sales. Leaving Quantum, Jonathanâ€™s vision was to focus on sustainable property investment in alpine environments throughout the world.

M i k a Yo koya m a DEVELOPMENT DIRECTOR BACHELOR OF CHEMISTRY LEWIS & CLARK COLLEGE, PORTLAND OR, USA

Mika, the backbone to the team with six years of project management experience in Niseko, has successfully delivered many of the most challenging, high grade development projects for Nisade. Working diligently from design through completion, managing client expectations and carefully escorting them through the project journeys. She holds a stoic position between clients, contractors, and vendors, managing all aspects of the projects both visible and behind the scenes. Mika is fully bilingual, having studied in both Japan and the United States.

R o b e rt L A r m s by PROJECT MANAGER B AC H E LO R O F E N V I R O N M E N TA L D E S I G N , B AC H E LO R O F A R C H I T E C T U R E , D I P LO M A O F FAC I L I T Y M A N AG E M E N T, D I P LO M A O F M A N AG E M E N T, D I P LO M A OF PROJECT MANAGEMENT (IN PROGRESS)

A professionally registered architect from Australia with over 25 yearsâ€™ experience in architecture, construction and project management. He enjoys every facet of the industry and thrives on client relations, consultants, contractor and vendors management as well as providing guidance to steer a successful project. A key player in the team and implementer of project control systems and standard practices. Motivated, passionate and professional with a genuine enthusiasm for construction and design. 24

Yi-Mei Lee PROJECT DIRECTOR BACHELOR OF COMMERCE & ARTS

Yi-Mei commenced her tenure with Nisade as the Chairmanâ€™s Assistant and over last few years her role diversified into also managing projects. In 2018, she transitioned full time into the Development Team and has taken on board Nisadeâ€™s largest project to date, the Vale Rusutsu in full stride. She brings a strength and confidence to the team.

K u n i h i r o Ko n d o PROJECT MANAGER B AC H E LO R O F I N F O R M AT I O N T E C H N O LO G Y M U R O R A N I N S T I T U T E O F T E C H N O LO G Y, H O K K A I D O . J A PA N

Kunihiro brings his discipline of engineering background to projects. Currently in the development team as a project manager, he brings his wealth of knowledge in building management systems and his deep knowledge on the specific local nuances. He ensures that the development project design is practical and functional from inception. He first joined Nisade in its facility management team as a team leader, where his team ensured that all Nisade properties and facilities were operating smoothly. Being part of Nisade for 7 years, he has worked alongside with his colleagues of diverse backgrounds and is a well-respected member of the team.

G l e n n L l e no PROJECT MANAGER BACHELOR OF SCIENCE IN ARCHITECTURE B U L A C A N S TAT E U N I V E R S I T Y, P H I L I P P I N E S

Glenn has over 15 years of industry experience in architecture and project management, including 2 years working on projects in an alpine environment. With a strong foundation in architecture and design, Glenn approaches projects with discipline and professionalism, ensuring projects are successful by applying his academic knowledge, expertise, skills and enthusiasm.

S h u ya A r aya A S S I S TA N T P R O J E C T M A N AG E R MPLAN URBAN STUDIES AND PLANNING UNIVERSITY OF SHEFFIELD, UK

Shuya brings with him his enthusiasm for resort and hotel development, having obtained a Masters Degree in Urban Planning. The application of his knowledge from his studies is essential in the Niseko area as the rate of development continues to rapidly increase. Shuya is bilingual in Japanese and English, having been raised in Singapore and obtained his degree in the UK.

Ko K i k uc h i P R O J E C T A D M I N I S T R ATO R B.A. OF SCIENCE, BUSINESS S TAT E U N I V E R S I T Y O F N E W YO R K AT P L AT T S B U R G H , U S A

Ko comes to us with diverse career experience, including industry experience working in an architectural firm, and is fully bilingual in Japanese and English. With her strong administrative skills, Ko provides support across multiple projects and is integral in keeping the team in working order. 25

Development brief There is no doubt that the market is maturing in Niseko with global hotel brands such as The Park Hyatt, Aman resorts, The Pavilions and The Ritz Carlton now making their mark on Niseko, no doubt more will come in the ensuring years. This is confirmation of global recognition that Niseko is one of the Worlds best ski resorts which is able to offer developers exceptional opportunities in the high-end resort market. Other luxury brands such as SC Global and Metropoly are investing heavily in Hirafu making a positive contribution, promising to bring international retail brands and restaurants which continue to enhance the experience within Niseko. Bringing Niseko in line with the worlds best ski resorts such as Courcheval and Aspen. Going forward we need to focus on not only those seeking Nisekoâ€™s incredible powder snow but those who are here to enjoy what Hokkaido has to offer, breaking into the Green Season market making Niseko an all-season destination. With the increase in high-end accommodation available in Niseko, developers need to offer a unique experience with luxury facilities, restaurants and services in order to encourage new and repeat business.

DEVELOPMENT C H A L L E N G E S I N JA PA N Like any resort town weather plays a big part on how much construction can take place during a calendar year, this usually means 6-7 months of building time per year, and what might take 12 months in any other area becomes a 24 months project.

FUTURE Development is no longer confined to just the Niseko area, with projects such as Yu Kiroro and The Vale Rusutsu proving that there is a wider market. Fenix Furano has also been very successful, and we expect to see further growth in the domestic market there with international interest not far behind. Developers and Investors are seeking higher returns no longer available in the Hirafu/Niseko Village area and with this being offered in Hokkaidoâ€™s other resorts with all-season tourism, we see Hokkaido as the Asiaâ€™s prime destination. Operators need to remain focused and keep up with the arrival of big-name brands. There is still a lot of opportunity for small to medium sized investments such a lodges, pensions and chalets, offering personalized and homely accommodation for families and young people. With the number of visitors growing year on year it certainly seems like the only way is up for Hokkaido.

p r i c i ng g u i de JPY PER M2 RESIDENTIAL MEDIUM GRADE RESIDENTIAL HIGH GRADE RESIDENTIAL LUXURY GRADE HOTEL CONDOMINIUM MEDIUM GRADE HOTEL CONDOMINIUM HIGH GRADE HOTEL CONDOMINIUM LUXURY GRADE

500,000

600,000 +

750,000 +

600,000 +

650,000 +

700,000 ++

* These prices are only indicative, every project will depend on site conditions, length and size of the building. ** These prices do not include any specialist installations such as onsens custom exterior or interior works. *** The prices are inclusive of all the following: • Architectural, mechanical and electrical design that comply with Japanese earthquake safety regulations • Project management and contractor procurement • All furniture procurement and installation • Electrical goods procurement and installation such as microwaves, hair dryers, vacuum cleaners etc • Cutlery and miscellaneous goods so that the properties are ready to be lived in at the time of completion.

The Pavilions

S C O P E O F S E RV I C E S Nisade Niseko Alpine Developments’ approach to projects is as a “ Total Project Service”. Nisade, as your Development Consultant, will drive your project from inception to completion, through marketing and real estate sales and into operation and facilities management. Nisade’s services are customised to every Client and Project needs without compromise to our core values.

C L I E N T R E P R E S E N TAT I O N

• Review Architectural & Engineering Due Diligence against internal reviews

• Provide single point of contract for the project • Ensure program is met

BRIEF DEVELOPMENT

• Ensure design coordination

• Review and comment on the Project Brief and all other information relating to the project

• Ensure cost control • Coordination of all Architectural & Engineering, Consultant • Coordination of Sub-Consultants, Nominated Consultants and Vendor teams • L iaise with representatives and user groups

ALL PROJECTS

• Investigate and obtain all survey and geotechnical information required to enable the design of the project • Present preliminary design options highlighting the advantages and disadvantages of each option • Attend design coordination meetings • Investigate/assess and report on alternative proposals where required throughout the design

• Provide ideas and options for Client consideration • Review all proposals against quality, cost and schedule benefit to the project • At end coordination/consultation meeting as required • Provide cost planning services to ensure that the project remains within budget parameters throughout the design process • Ensure that the Client achieves good value for money

• Review the design against Concept design and Project Brief • Prepare and manage Project Budget, Cost Plan and Variation & Claim management • Monitor change for effects on design, cost and schedule

• Lead and coordinate and integrate the services of any consultants engaged directly by Council

• Throughout the design process, review and amend the content of developed design on the basis of information and subconsultant advice as it becomes available

• Coordinate with the Client on any specific requirements for the Project

• Ensure changes are vetted and brought forward to the Client for consideration and approval

• Coordinate sub-consultants’ work and sign off all design, specifications, procurement orders prior to issue to the Client

• Ensure Consultants work with Local Authorities and adhere to known statutory requirements

• Regularly report & meeting with all principal parties involved in the project

• Vet developed design drawings meet general objectives

• Regularly review the project is meeting key objectives

FEASIBILITY & DUE DILIGENCE • Conduct Preliminary Due Diligence on proposed projects • Undertake site analysis for internal review of Architectural Design work

DESIGN & COST MANAGEMENT

• Advise, select and procure approved • General FF&E & Operational FF&E • Provide responses and information as required throughout the design process • Coordinate tender documentation suitable for agreed tendering method

• Determine opportunities and constraints for proposed sites

• Provide selected Consultant, Contractor, Sub-contractor, Specialist services options

• L iaise with Local Authorities to determine broad based regulatory requirements

• Manage Value Engineering process to improve the financial result

M A R K E T I N G & R E A L E S TAT E • Review the design against Concept design and Project Brief with internal Marketing & Real Estate groups • Coordinate to provide for Marketing & Real Estate requirements • Assist with project marketing launches

CONSTRUCTION SUPERVISION • Represent the Client at Construction Meetings • Monitor changes for effects on design, cost and schedule • Regularly visit Site to verify general progress and contractor performance • Provide responses to queries/RFI/VO’s during the construction period of the project • Coordinate site inspections by sub-consultants, and vendors • Coordinate for Fire Inspections, Hotel Licensing • U ndertake Defects & Rectification inspections and reporting

O P E R AT I O N A L , P R O P E R T Y & FACILITIES MANAGEMENT • Coordinate Vendor and Consultant installation and delivery of Operational FF&E • Provide own Operational Testing & Commissioning • Prepare Operational & Procedural documentation & processes

EXPERIENCE Niseko Alpine Development Project experience: • 32,141m2 / 230 Units - Scheduled for completion 2018-2020 • 20,328m2 / 234 Units - Built Projects

ZIA

k yo c om i ng s o on

KYO is a 5-star luxury ski-in ski-out development in the heart of Hirafu. This will be a first for ski-in ski-out developments in Niseko, each apartment will have its very own 100% natural onsen and the larger 4- and 5-bedroom apartments will have two onsens with one situated in the master bedroom.Â Developed by a leading Singapore / Malaysia developer this boutique offering is world classÂ right on the ski run. KYO is will introduce new standards of luxury into Niseko.

With a emphases on service KYO will provide its own ski and snowboard instructors exclusive to the building, 24hr concierge service, gym and spa facility's, underground parking and of course dinning.Â Set to come to market in the coming weeks this will be one of the hottest properties to date. With a limited number of apartments available, we are currently taking expressions of interest so please be quick as a property of this caliber will sell out fast.Â

5-star luxur y ski-in ski-out development in the hear t of Hirafu

u O old S ne O se a Ph

Furanoâ€™s first luxur y condominium now open. Phase two coming soon.

M a nag e m e n t Nisade property management is a multi-award-winning hotel operator specialising in the management of luxury accommodation in Hokkaido. Twelve years ago, Nisade developed Niseko’s first luxury condominium hotel The Vale Niseko and has operated the hotel since. Despite multiple luxurious condominium hotels being developed in Niseko over subsequent years, The Vale Niseko is still Niseko’s most famous hotel – largely due to its reputation for outstanding customer service and strong owner relationships. Nisade currently operates 1,450 beds across several condominium hotels in Niseko welcoming over 28,000 guests per year. Nisade works closely with over 500 individual property owners to manage and let their condominiums, delivering Niseko’s best yields for the last decade. We also have proven experience managing the pre-opening and launch activities of condominium hotels in Niseko. Where once we were a founding pioneer of luxury hotel and property management services in Niseko, we are now the first Niseko born operator to launch operations outside of Niseko. In 2020 Nisade opened Furano’s first Luxury condominium hotel – Fenix Furano. Situated at the Ski Field Gondola this will provide Nisade guests exclusive access to Hokkaido’s most famous all-season destination. With the second phase of this project under construction we look forward to opening this stage 2 build.

Then on December 18th 2020 NISADE will open The Vale Rusutsu – providing ski-in and ski-out access to Japans best ski resort (4-time winner at the World Ski Awards). Rusutsu is well know in Japan as a family friendly all year-round resort. At Nisade, we set a standard of excellence from the largest of our apartment complexes to individual houses and with land-only sites. It is a part of our nature to provide the very best of what is available, and it is what our owners and guests have come to expect. The management process is made easy by our knowledgeable and professional staff. Every aspect is covered, ranging from accounting to customer service. We make ourselves available, on hand and ready at every step of the way. With minimal effort, our owners reap the benefits of their investments whilst their property is maintained to the absolute highest of standards. Behind the scenes, our team work effortlessly to ensure that our properties are heavily booked, and our trained revenue managers optimize our owners return on their investment. The bespoke concierge service offered to our owners and guests ensures a high level of satisfaction. We pride ourselves on going that extra mile to guarantee an enjoyable and relaxing holiday for all that stay in one of our managed properties. Having an incredible stay and unforgettable experience is at the forefront of our methodology. With these values as our compass we continue with our owners in joint success having received the following accolades.

2013 WORLD SKI AWARDS

2015 LU X U RY T R AV E L G U I D E G LO BA L AWA R D S

JA PA N ’ S B ES T S K I C H A L E T: T H E VA L E N I S E KO

LUXURY PROPERTY COMPANY OF THE YEAR JA PA N: N I S E KO A L P I N E D E V E LO P M E N T S [N I SA D E]

2 0 1 4 I N T E R N AT I O N A L HOTEL AWARDS

2015 WORLD SKI AWARDS

F I V E S TA R S : T H E VA L E N I S E KO

JA PA N ’ S B ES T S K I B O U T I Q U E H OT E L : T H E VA L E N I S E KO

2 0 1 4 I N T E R N AT I O N A L PROPERTY AWARDS W I N N E R S I N G L E P R O P E RT Y U N I T: T H E VA L E N I S E KO YŌT E I PANORAMA PENTHOUSE

WO R L D ’ S B ES T S K I B O U T I Q U E H OT E L : T H E VA L E N I S E KO

2016 WORLD SKI AWARDS JA PA N ’ S B ES T S K I B O U T I Q U E H OT E L : T H E VA L E N I S E KO WO R L D ’ S B ES T S K I B O U T I Q U E H OT E L : T H E VA L E N I S E KO

2014 WORLD SKI AWARDS JA PA N ’ S B ES T S K I B O U T I Q U E H OT E L : T H E VA L E N I S E KO WO R L D ’ S B ES T S K I B O U T I Q U E H OT E L : T H E VA L E N I S E KO

2017 WORLD SKI AWARDS JA PA N ’ S B ES T S K I B O U T I Q U E H OT E L : T H E VA L E N I S E KO WO R L D ’ S B ES T S K I B O U T I Q U E H OT E L : T H E VA L E N I S E KO

2015 IAIR AWARD BEST COMPANY FOR LEADERSHIP IN PROPERTY

2020 ASIA PROPERTY AWARDS

DEVELOPMENT

B ES T D E V E LO P E R N I S E KO A L P I N E D E V E LO P M E N T S

JA PA N: N I S E KO A L P I N E D E V E LO P M E N T S [N I SA D E]

B ES T H OT E L D E V E LO P M E N T T H E VA L E R U S U T S U BY N I S E KO A L P I N E D E V E LO P M E N T S

T h e Va l e Rus u t s u P R O P E R T Y S I Z E / VA R I O U S LOT SIZE / 3,578 M2 L O C AT I O N / R U S U T S U ¥ / POA

on sa l e now ENQUIRE FOR UNIT TYPES AND SIZES

U N I Q U E F E AT U R E S • A groundbreaking redevelopment of Rusutsu Resort – Hokkaido’s largest and most popular all-season resort • Created by the talent behind Japan’s best Ski Resort and Japan’s Best Ski Boutique Hotel • Ski-in, Ski out • Five-star designer onsen and spa • Unique opportunity to own a property in Rusutsu Resort • Strong investment prospects

T H E VA L E R U S U T S U The Vale Rusutsu is a luxurious ski-in/ski-out hotel that is available for purchase to individual owners. As a master planned resort with all-season tourism, Rusutsu offers owners strong investment prospects with yearround operation under management by Nisade. Designed with a stunning simplicity that embraces the beauty of the mountains, The Vale Rusutsu also offers access to a designer onsen and spa facilities.

The Vale Rusutsu is a true first-to-market opportunity. It is also the first Rusutsu accommodation in the hotel and condominium category that has been designed with large groups and families in mind.

RUSUTSU As Hokkaido’s largest all-season resort, Rusutsu is beloved for its magical winter skiing and vibrant summer landscapes. Rusutsu Resort has been celebrated at the World Ski Awards, winning the title of Japan’s Best Ski Resort in 2017, 2018, 2019 and 2020. Rusutsu Resort has a large ski area covering three mountains with stunning scenery and acres of offpiste tree runs. Receiving an annual average snow fall of 14m, Rusutsu offers some of the best powder and tree skiing available. Although famed for its winter’s , Rusutsu remains a popular destination in summer with plenty of activities

such as golfing, enjoying the amusement park and

The Vale Rusutsu is comprised of 1, 2- and

the hot springs. Unlike Niseko, Rusutsu is owned

3-bedroom apartments and 4 penthouses;

in its entirety by Kamori Kanko, Hokkaido’s largest

with over ten different types to choose from.

tourism and hospitality company. This ensures that

The variety of styles ensures parties of all

the reinvention of Rusutsu Resort is an ambitious

sizes can be comfortably accommodated in

and meticulously planned project.

thoughtfully designed apartments. Owners will enjoy the use of a private ski locker

THE DEVELOPMENT Building on long-standing company values,

room and exclusive storage areas. They will also have access to both the existing and the new developments of Rusutsu Resort, which will be

The Vale Rusutsu has been designed with nature

directly connected to The Vale Rusutsu. These

as its focus. The architecture of the hotel invites

include a five-star spa and health facility and

the morning sunlight of the east-facing mountain

Base Camp, a comprehensive retail, dining and

slopes inside.

entertainment hub.

in tuition P R O P E R T Y S I Z E / VA R I O U S LOT S I Z E / 5 ,1 02 M 2 L O C AT I O N / U P P E R H I R A F U ¥ / POA

on sa l e now ENQUIRE FOR UNIT TYPES AND SIZES

U N I Q U E F E AT U R E S • Just meters from the Ace family quad lift • Landscaped neighbourhood surrounded by forest • Close to everything Hirafu has to offer • Fantastic views of Mount Yōtei • Hotel facilities to include indoor/outdoor onsen, restaurant and ski valet • Floor heating and air conditioning in all rooms • High grade kitchens with Miele appliances • Fibre-optic cable to each unit to ensure future-proof internet speed • Dedicated owner storage in each unit • Concierge service • Managed by Nisade

L U X U RY O N S E N E S TAT E Intuition is the first luxury onsen estate in Hirafu. It is under development by Zekkei Properties, the international developer with 15 years’ experience in Niseko. The estate features 10 premium villa sites and a luxury condominium hotel with 32 units. Intuition is located diagonally opposite AYA Niseko and the Ace family quad lift and just steps away from the village’s amenities including bars, restaurants and shops.

Designed with a bronze mesh louvre, the building façade will create a soft abstract representation of the surrounding birch forest. Each apartment is modelled to achieve optimal space and flow, with rich-textured and highquality materials providing an understated luxury. Atop the building will be Niseko’s first sixbedroom penthouse, with its own onsen and 270 degrees of unobstructed views of Yōtei, Hirafu village and Annupuri ski hills.

Designed by Tokyo based architect firm ALA Inc, Intuition is a sister project of Elevation, a gated estate in Hirafu’s upper village, master planned by Kengo Kuma. Intuition’s hotel will be managed by Nisade, recognized as the best management company in Hokkaido, with years of experience in highend properties. Only 7 units remain and will sell out soon.

ODIN HILLS P R O P E R T Y S I Z E / VA R I O U S

L O C AT I O N / H A N A ZO N O

L O T S I Z E / VA R I O U S

¥ / POA

U N I Q U E F E AT U R E S • Panoramic views of Mount Yōtei • 1 minute from Hanazono and Park Hyatt • 7 minutes from Kutchan • Private owners’ club with communal facilities and amenities • Integrated network of trails for active lifestyles • Integrated alpine lifestyle hotel (in planning) • Responsible active living with high environmental sensitivity

ALPINE LUXE VILLAGE Odin Hills is a 16-hectare private residential luxury village designed for a sophisticated and discerning mountain community. Set in a pristine natural environment with sweeping views of Mount YĹ?tei and surrounded by protected and unspoiled forest, Odin Hills is within touching distance of the Hanazono ski resort and merely minutes away from the future Shinkansen train station in Kutchan. The thoughtfully designed masterplan provides a canvas for families to create the luxury residence of their dreams in a place of inspiring beauty within an exclusive community. With design guidelines guaranteeing the quality of the design and preserving the breathtaking views, Odin offers a program to assist owners in realising their dream mountain home. The Odin Hills Owners Club provides a comprehensive program of services and benefits, giving you complete peace of mind for the management of your property, as well as privileged access to superior facilities and amenities. This program includes enjoyment of a membersâ€™ lounge, fitness and wellness centre, F&B, children and youth centre, access to outdoor equipment and activities. Conceived by the team behind some of Nisekoâ€™s most iconic properties: Odin Place, Odin House, Odin Cliff, Kimamaya, The Barn and Yasuragi. www.odinhills.com

ya m a k e i P R O P E R T Y S I Z E / VA R I O U S

L O C AT I O N / LO W E R H I R A F U

LOT SIZE / 1492 M

¥ / POA

U N I Q U E F E AT U R E S • Secure elevator access direct to each unit (on both floors for the penthouse) • Heating & air-conditioning for year-round comfort • Living rooms fitted with fireplaces

• Dedicated owners’ storage • Private balconies • Forest and mountain views

• Underfloor heating in living room, dining room, kitchen and onsen

• Full concierge and private dining service

• Kitchen equipped with high-end appliances (Miele, Liebherr)

• Dual key floorplans for larger units allowing owners greater flexibility to stay while having part of their unit rented out for rental returns

• All bedrooms with en-suite bathrooms • Onsen with natural spring water

• Customised millwork in natural light timber

• Future plans for landscaping the hillside with private hiking treks and scenic overlook

EXCLUSIVE SANCTUARY Due to complete in 2020, Yamakei will be a luxury wellness focused residence located in Lower Hirafu. Featuring only 12 units, Yamakei offers guests uncompromised comfort and privacy in an exclusive sanctuary. Yamakei’s distinctive feature lies in its generous living spaces where floor-to-ceiling windows capture Niseko’s breathtaking natural landscape. The building is angled to maximize views of either Mount Yōtei, Annupuri mountain or the beautiful backdrop of snowcovered birch trees. The interiors will be designed with exquisite details and finishes to offer complete comfort for guests in all seasons. Unit types range from 2- and 3-bedroom residences to luxurious 4-bedroom duplex penthouses complete with a private roof garden, an indoor/outdoor Onsen and a sauna. The materials and fixtures for each Yamakei residence have been carefully selected from European and Japanese manufacturers, to deliver an impeccable quality of craftsmanship while ensuring modern luxury and comfort for its guests. All residences feature beautiful natural oak floors, with exquisite wood trimmings, antique wood or split-face granite walls in select areas to accentuate the textures and colours of the natural environment. The onsens will be finished in tile and glass with an adjourning shower and changing area, for guests to relax comfortably in complete privacy. The hot spring water has been extracted from a depth of 800m and will be piped to each residence at optimal temperatures to rejuvenate the body and mind. Only a stroll away from Niseko’s world-renowned ski slopes, Yamakei offers a home away from home, a timeless retreat for families and friends to gather and enjoy the excitement of Niseko’s magnificent natural setting in all seasons.

Glasshouse PROPERTY SIZE / 27 7 M2

L O C AT I O N / U P P E R H I R A F U

LOT SIZE / 1492 M2

¥ / POA

U N I Q U E F E AT U R E S • Sweeping view of Mt Yōtei • Surrounded by pristine nature • Huge, split-level home away from home • Minutes away from one of Niseko’s favourite onsen bathhouse • Real fireplace – cozy up on the oversized lounges • Private concierge available upon request

U LT I M AT E L I V I N G I N LOWER HIRAFU VILLAGE One of Niseko’s most elegantly appointed 5 bedroom homes has come up on the market. Situated on 1492m2 of prime land on the lower village bluff. This home offers uninterrupted views of Mt Yōtei. Boasting 5 bedrooms 4 bathrooms, with a total internal space of 277m2 this home is fully equipped including outdoor jacuzzi and indoor traditional wooden Japanese bath tub. The home can comfortably sleep 10 people plus with the open plan living area upstairs it makes a great place to entertain guest’ or just relax in front of the hanging fire place. In the summer months enjoy the expansive wraparound balcony’s and huge outdoor entertaining areas and stunning views. Located at the end of a quiet cul-de-sac you are assured peace, quiet and privacy.

Pav i l i o n s Ginto P R O P E R T Y S I Z E / VA R I O U S

$ / L AN D PLOTS FROM $975K US D

L O T S I Z E / VA R I O U S

RESORT VILL AS FROM $1.5M USD

L O C AT I O N / HIRAFU OUTSKIRTS

G I N TO R E S I D E N C E S F R O M $ 4 . 2 M U S D

U N I Q U E F E AT U R E S • Situated a mere 1-2min drive from Hirafu • 800m from lift • Fantastic opportunity for buyers looking to build their dream home • Beautiful forest setting • Incredible views • All the benefits and conveniences of a fully integrated community development

N E W E S TAT E The mixed-use estate, The Ginto Village will comprise of a shopping and entertainment plaza featuring local and international brands, restaurants and bars set around a lake all with mesmerizing backdrop of Mt YĹ?tei. To be completed in 2021, The Pavilions Niseko Resort and Residences will be designed with a refined, understated elegance, reflecting the sukiya style of architecture.

T H E PAV I L I O N S R E S O RT V I L L AS The 19 beautifully appointed Pavilion Villas will be modern, yet nestled amidst the silent woods, allowing its guests to be at one with nature, the magnificence of Mt YĹ?tei and the surrounding valleys. Amenities such as indoor and outdoor onsen pools, a fitness centre and a library will also promise its guests a comfortable, all-inclusive experience.

THE GINTO RESIDENCES Land for private residence development, The Ginto Residences, is for sale now with only a few remaining plots. The Pavilions is offering finance on 50% of the land cost available at only 4% over 5yrs, this really is a fantastic opportunity to establish a dream home in an idyllic setting on the doorstep of Asiaâ€™s most loved ski resort. 49

the vale niseko With a string of awards to its name, including Worldâ€™s Best Ski Boutique Hotel 2014, 2015, 2016 & 2017 The Vale Niseko offers internationally renowned holiday luxury. Nestled right on the ski run, Hirafuâ€™s most desirable ski-in, ski-out location delivers 2100 acres of sublime powder terrain and all village amenities literally on your doorstep. Comprised of 49 one, two- and three-bedroom apartments, The Vale Niseko is packaged with luxury amenities and personalised service to deliver the ultimate winter wonderland holiday. Guests can enjoy views of the slopes from the heated pool, soak away the day in the rich mineral waters of The Vale Onsen and re-live a day of skiing over a steak dinner at The Vale Restaurant before retiring to the comfort of their pillow-top feather beds.â€™ With in-house amenities such as restaurant, heated pool and onsen, managed by Nisade who are recognized as the leading luxury property management company in Niseko, this unit is a fantastic opportunity to own a premium property in the heart of Hirafu with direct access to the world famous powder snow. The Vale has just undergone a full refurbishment including flooring, fittings and furniture and looks stunning. The building rents extremely well being full most of the winter months. Net ROIs are in the region of 3% and unit financials can be provided upon request.

t h e va l e 3 0 6

142 M2

PROPERTY SIZE / LOT SIZE / 2368 M

L O C AT I O N / U P P E R H I R A F U ¥ / 240,000,000

This three-bedroom dual-key apartment (twobedroom apartment with adjoining fully selfcontained Studio) is situated on the 3rd floor with views of Mt Yōtei, the Konbu Mountain Range and back up the ski-hill from the balcony.

U N I Q U E F E AT U R E S • Custom designed furniture including sofa and dining table / chairs • Flat screen TV with satellite viewing / DVD Player & iPod • Ultra premium fit out with smart-fire fireplaces • Private balcony • Designer kitchens offering European and Japanese appliances

T h e Va l e 2 0 2 s

PROPERTY SIZE / 39 M2 LOT SIZE / 2368 M2 L O C AT I O N / U P P E R H I R A F U ¥ / 80,000,000

STUDIO

With a string of awards to its name, including World’s Best Ski Boutique Hotel 2014, 2015, 2016 & 2017 The Vale Niseko offers internationally renowned holiday luxury. Nestled right on the ski run, Hirafu’s most desirable ski-in, ski-out location delivers 2100 acres of sublime powder terrain and all village amenities literally on your doorstep. Comprised of 47 one, two and three bedroom apartments and penthouse, the Vale Niseko is packaged with luxury amenities and personalised service to deliver the ultimate winter wonderland holiday. Guests can enjoy views of the slopes from the heated pool, soak away the day in the rich mineral waters of The Vale Onsen and re-live a day of skiing over a steak dinner at The Vale Restaurant before retiring to the comfort of their pillow-top feather beds.

202 studio is 39 sqm and located on the 2nd floor with views over towards the village. The Vale's reception staff and concierge team are ready to take care of your every need.

U N I Q U E F E AT U R E S • Ultra-premium fit out with smart fire place • Full size designer kitchen • Custom designed furniture • Flat screen satellite TV

T h e va l e 5 0 6

142 M2

PROPERTY SIZE / LOT SIZE / 2368 M

L O C AT I O N / U P P E R H I R A F U ¥ / 275,000,000

This three-bedroom dual-key apartment (twobedroom apartment with adjoining fully selfcontained Studio) is situated on the 5th floor with views of Mt Yōtei, the Konbu Mountain Range and back up the ski-hill from the balcony.

MUSE Muse is a luxurious and modern development in the heart of Hirafu. Located on the popular main promenade and opposite the Michelin Star restaurant Kamimura, with floor to ceiling windows taking in dramatic mountain scenery. Space, function and comfort are celebrated with elegant open planning, state-of-the-art kitchen and bathroom equipment. Stone, wood, leather and natural and traditional Japanese textures characterize the apartments which also benefit from high ceilings and an abundance of natural light and views. Its form and materials are derived from the raw character of Japans’ dramatic mountain geology. Muse has an on-site reception offering guest services such as equipment rental, lift tickets and ski lessons. There is also a resident’s ski room with a dedicated secure entrance, secure ski lockers, heated walkways and parking.

U N I Q U E F E AT U R E S • Designer sofas, dining table, chairs & furniture by CASSINA IXC. Ltd. • Air conditioning • Room-wide floor-to-ceiling windows • Generous living/dining spaces • Programmable scene control lighting • Fully outfitted kitchens including state of the art appliances

MUSE 202

PROPERTY SIZE / 61.79 M2 LOT S I Z E / 681 .1 M2 L O C AT I O N / M I D D L E H I R A F U Â¥ / 68,000,000

muse 302

PROPERTY SIZE / 61.79 M2 LOT S I Z E / 681 .1 M2 L O C AT I O N / M I D D L E H I R A F U Â¥ / 7 1,000,000

muse 303

PROPERTY SIZE / 45.28 M2 LOT S I Z E / 681 .1 M2 L O C AT I O N / M I D D L E H I R A F U Â¥ / 4 8,000,000

STUDIO

au r a n i s e k o

coming soon E N Q U I R E F O R D E TA I L S

Aura Niseko is the latest luxury condominium development set in the heart of Asia’s worldrenowned ski resort. This modern boutique development will consist of 51 1BR and 2BR apartments providing spectacular year round living. These luxury residences are only minutes away from all the ski lifts and local amenities of Grand Hirafu, Niseko Village and Annupuri in addition to offering unique dual aspect protected views of Mount Yōtei and Mount Niseko-Annupuri ski slopes. Aura Niseko aspires to give discerning owners and guests unparalleled elegant, sophisticated, yet affordable living. Guests will enjoy an uncompromised level of personalized concierge service.

Iconic Group is developing Aura Niseko in partnership with the multi-award winning team at Nisade and the acclaimed fourfoursixsix of London, named as one of the World’s Top 20 Architects of the Future by Wallpaper.

Z ia

coming soon E N Q U I R E F O R D E TA I L S

Iconic Group presents its second project, a 10,000 sqm Condominium and Townhouse development that redefines luxury living in Asia’s premier ski resort. This chic alpine retreat is the perfect place to enjoy all that Niseko has to offer. Zia is only a stone’s throw away from the ski lifts of Hirafu but yet enjoys some of the most spectacular unobstructed views of Mount Yōtei. Designs have been thoughtfully crafted to embody the essence of Niseko while residents can relish in the luxuries that Zia has to offer. Indulge in our unique après-ski lifestyle where you can nourish your body in our mineral rich geothermal onsen, relax in our warm alpine-chic cigar bar or just enjoy the tranquility of our private Japanese courtyard. Iconic Group is developing Zia Niseko in partnership with multi-award winning team at Nisade, the global services firm of Arup and the acclaimed fourfoursixsix of London, named as one of the World’s Top 20 architects of the Future by Wallpaper.

Aspect 101

PROPERTY SIZE /

179 M2

LOT SIZE / 1144 M2 L O C AT I O N / M I D D L E H I R A F U ¥ / 3 2 7, 0 3 7,1 5 0

3½

Aspect sits on the edge of the famed “Millionaires’ Row” in Hirafu’s Middle Village. This location is without a doubt one of the best in the Middle Village. Offering stunning protected, panoramic views of Mt Yōtei, the ski hill & village from select apartments. Aspect is furnished with only the highest quality European and Japanese fittings and furnishings. With a very relaxed feel you will be happy to sit in front of the fire and just watch the snowfall. The building has a dedicated concierge service that ensures all the help you need is right there. The concierge team takes care of your ski gear, stores it, loads it into guest shuttle and unloads it when you return from the mountain. Additional to the ski valet service, providing lifts to the ski area in the morning, guests at Aspect can also use the service for trips in and around the immediate Hirafu Village area during the day.

Photos are stock images of the 3rd floor unit, 101 is located on the first floor and has very similar views.

Aspect 102

PROPERTY SIZE /

161 M2

LOT SIZE / 1144 M2 L O C AT I O N / M I D D L E H I R A F U ¥ / 263,934,000

3½

U N I Q U E F E AT U R E S • One of the best locations in the Middle Village • Panoramic views • High quality furnishings Photos are stock images of the 3rd floor unit, 102 is located on the first floor and has very similar views.

• Dedicated concierge service

aspect 202

PROPERTY SIZE /

158 M2

LOT SIZE / 1144 M2 L O C AT I O N / M I D D L E H I R A F U ¥ / 279,226,530

3½

Photos are stock images of the 3rd floor unit, 202 is located on the second floor and has very similar views.

U N I Q U E F E AT U R E S • Stunning Mt Yōtei views • Fully furnished with European and Japanese fittings and furnishings • Concierge and ski valet service

Alpen Ridge 602

PROPERTY SIZE /

117 M2

L O C AT I O N / U P P E R H I R A F U ÂĽ / 2 25,000,000

Probably the best location in Hirafu! This Ski-in Ski-out, elegant 3 bedroom apartments is located on the 6th floor of Alpine Ridge. Contemporary interior features include polished light timber flooring throughout. The well equipped kitchen with sleek white bench tops is complemented by warm timber tones. A welcoming living space, designed for comfort, has a gas fireplace which enhances the alpine atmosphere. The spacious floor plan with stylish open living areas, boasts incredible views through expansive floor-to-ceiling windows of both Hirafu village and Mount YĹ?tei. 63

k e ya k i v i l l a

PROPERTY SIZE / 420 M2 LOT SIZE / 893 M2 L O C AT I O N / PAV I L I O N S H I R A F U $ / 6,500,000 USD

Influenced by traditional Japanese sukiya design, Keyaki is a two storey villa surrounded by lush Ginto woodlands with sweeping views of Mt Yōtei.

U N I Q U E F E AT U R E S • Sweeping views of Mt Yōtei • Family onsen bath • Ski/snowboard facilities • Media room • Maid quarters

k at s u r a v i l l a

300 M2

PROPERTY SIZE / LOT SIZE / 1,518 M

L O C AT I O N / PAV I L I O N S H I R A F U $ / 4,200,000 USD

Katsura Villa's high ceilings allow the Ginto woodlands and the magnificence of Mt Yōtei to take centre stage.

U N I Q U E F E AT U R E S • Family onsen bath • Ski / snowboard facilities • Maid quarters • Media room

odette

PROPERTY SIZE / LOT SIZE / 198 M

218 M2

L O C A T I O N / K A B AYA M A ¥ / POA

Another selection of stunning properties from 22ème situated in the ever-growing St Moritz area. This very peaceful area captures views of the famous Mt Yōtei and also captures ski hill views of Mt Annupuri. These properties have been meticulously designed to have the absolute minimum impact on the surrounding environment yet demonstrates the utmost feel of luxury. Fittings and fixtures from brands such as Miele, Liebherr and Poliform, brands synonymous with luxury and functionality this property will not disappoint.

Garage space for one car will ensure minimal snow clearing when heading up for first tracks in the morning.

odile

PROPERTY SIZE / LOT SIZE / 198 M

218 M2

L O C A T I O N / K A B AYA M A Â¥ / 250,800,000

Suiboku Loft 7

PROPERTY SIZE / 280 M2 L O C AT I O N / U P P E R V I L L A G E ¥ / 560,000,000

PLUS TATAMI

Suiboku is an exclusive residence with only 10 loft apartments in the building. Situated only meters away from the Family ski run and close to Hirafu’s bars and restaurants, the location is truly one of the best available in upper Hirafu. Each loft has been designed to a high standard combining an industrial aesthetic and traditional Japanese features, fitted with granite ofuro baths, mushiro straw-mat rugs, down futons, Nara wood floors and bamboo screens. Suiboku Loft is a destination meant to be enjoyed by family and friends on cold winter nights and warm summer evenings. Parking is available at the property with charging ports for electrical vehicles. 68

U N I Q U E F E AT U R E S • Stunning views of Mount Yōtei • Terrace facing family-run

• Air conditioning for Niseko’s warm summers and underfloor heating for the winter

• Prime location

• Dedicated concierge service with a shuttle service available

• Large ski locker & dedicated owners locker

• Floor to ceiling windows

YUUKI TORIDE

PROPERTY SIZE / LOT SIZE / 180 M

180 M2

L O C AT I O N / M I D D L E H I R A F U ¥ / 230,000,000

New to market, Yuuki Toride is a solid concrete home just a stone’s throw from the ski shuttle bus route and approximately 1/2km from the Ace Family ski lift. Houses in Hirafu are becoming harder and harder to find in the village, especially high quality builds such as this. Located a short walk from many of the best restaurants and bars in Hirafu, Yuuki Toride is a beautiful 3 bedroom 2 bathroom property with spectacular views of the famed Mt Yōtei from the floor to ceiling windows that span both floors. The custom built kitchen features a full oven, dishwasher, ice maker and microwave. Walk through to the 8-person dining room table, then on to the spacious living room with a large flat screen TV and gas fireplace. Upstairs are 3 large bedrooms with one en-suite bathroom in the master bedroom. Yuuki Toride has 2 full bathrooms and 2 guest toilets, as well as dry room, laundry facilities and parking for at least 2 cars.

s n o w c r y s ta l 5 0 2

PROPERTY SIZE / 107 M2 LOT SIZE / 661 M2 L O C AT I O N / M I D D L E H I R A F U ¥ / 150,000,000

This apartment is in one of the best locations in Hirafu mere meters from the center of town and the ski lifts. With 3 bedrooms and 3 bathrooms 2 of which are ensuites. The views from this apartment are stunning, looking towards Mt Yōtei and the Kombu mountain range.

U N I Q U E F E AT U R E S • Skill hill and Yōtei views • 2 ensuite bathrooms • Center town location • 100m from ace family ski lift 70

• Bespoke management company

F r e s h wa t e r P e n t h o u s e

PROPERTY SIZE / LOT SIZE / 594 M

279 M2

L O C AT I O N / M I D D L E H I R A F U ¥ / 446,400,000

This is an opportunity to acquire a newly renovated penthouse in the heart of Hirafu. With genuine 360 degree views including fantastic Mt Yōtei views. Within meters of everything Hirafu has to offer and with finishes that can only be described as luxurious.

U N I Q U E F E AT U R E S • 4 person spa • Wine cellar • Drawing alcove • 360 degree views • Large ensuite • Private entertainment room

De e p T r ac k s 0 1

PROPERTY SIZE / 44 M2 L O C AT I O N / U P P E R H I R A F U ¥ / 40,000,000

Situated in a prime location, this one-bedroom apartment is only a short walk from Hirafu's Gondola. Boasting views of Mount Yōtei from the living area, it is the perfect place to relax after a long day skiing.

U N I Q U E F E AT U R E S • Upper Hirafu location • Mount Yōtei views • Close to local bars, shops and restaurants

MAPLES 102

PROPERTY SIZE / 107 M2 LOT SIZE / 4,723 M2 L O C AT I O N / U P P E R H I R A F U ÂĽ / 170,000,000

(RESALE)

The Maples is a fantastic truly ski in-ski out property perched right on the Ace family skin run. With a contemporary architectural design that is both clean and stylish, The Maples has been designed to bring out the best Niseko has to offer. Large windows draw in mesmerizing views and natural light, while the extra ceiling height liberates with a sense of elevated openness. Nestled on an amazing site in the popular Hirafu town, the residence opens up on one side directly to the powder ski slope of Ace Family lift which has just been upgraded to a high-speed quad lift. On the other side lines the lively main street of HirafuZaka. Having the luxury of both ski-slope and street side access combines the best of both worlds. This wraparound 2-bedroom unit has views over the ski slope which can never be compromised. The unit totals 107sqm with a open plan kitchen, dining and living space with plenty of room to relax and enjoy the views.

K i n o k awa

PROPERTY SIZE / 349 M2 LOT SIZE / 857 M2 L O C A T I O N / K A B AYA M A ÂĽ / 270,000,000

This 5-bedroom 5-bathroom house is located in country resort, a short drive from the ski slopes. Fitted with luxurious and modern furnishings throughout. An open plan design offers an abundance of natural light making its way to each of the 5 bedrooms, both living areas and dining area. With a fully equipped kitchen any chef would be happy with. Another amazing feature of this property is the onsen style Japanese bath. With a garage that goes through to a drying room for all your snow gear this house has everything you could imagine. The resort offers a free shuttle service to and from the slopes to make life easier for your family. 74

Kiroro house

PROPERTY SIZE / 138 M2 L O T S I Z E / 1 74 4 M 2 L O C AT I O N / K I R O R O ÂĽ / 43,500,000

A great opportunity to own a home in the snowiest resort in Japan! This four-bedroom house is situated on a quiet road, only three minutesâ€™ drive from Kiroro's ski lifts. Built in 1995 this property has only been lightly used as a holiday home. The property currently has a Minpaku license making it possible to rent the home as a holiday let.

f r e s h wa t e r A P T 2 0 2

PROPERTY SIZE /

80 M2

LOT SIZE / 594 M2 L O C AT I O N / M I D D L E H I R A F U ÂĽ / 65,000,000

Located in the heart of the town and only a 2 minute walk from the ski lift, when it comes to location The Freshwater has it all. This apartment looks over silver birch trees and small creek making it very peaceful and private. This is dual key style apartment so can be rented out as a two bedroom or a studio and a one bedroom optimizing the rental returns. Fitted out with high end appliances and furnishings and a on site receptionist taking care of all your needs. This apartment can sleep a maximum of 6 people comfortably. With a full size kitchen and dinning area there is lots of space to sit a relax.

S h i r o N o z awa

PROPERTY SIZE / 42-125 M2 L O C AT I O N / N O Z AWA O N S E N , NAGANO, HONSHU ÂĽ / POA

1-3 A rare opportunity to own a luxury apartment in the Onsen town of Nozawa, Nagano Prefecture. Shiro is a brand new luxury condominium development with eight apartments available, exclusively for sale with Nisade Real Estate. Shiro Nozawa has recently been refurbished to the highest of standards, offering modern luxury accommodation renovated from a traditional Japanese Ryokan. The apartments are only 3 minutes walk to the Village's extremely popular cooking onsen, 3 - 5 minutes walk from most well known restaurants, and 10 minutes walk to the Yu Road travelator which gives immediate access to Hikage Gondola and the Nozawa Ski School. Shiro is one of only few western style apartment accommodation in the village with guest access to its own private natural hot-spring onsen facilities. Shiro has a combination of one, two and three bedroom apartments. All the Shiro apartments are fully self-contained and with fully-equipped kitchens. Certain apartments also come complete with their own private onsen baths for those blissful end-of-day soaks in natural hot-spring water in the privacy of your own apartment.

Terrazze 302

PROPERTY SIZE / 96 M2 LOT SIZE / 261.52 M2 L O C AT I O N / M I D D L E H I R A F U ÂĽ / 120,000,000

No expense has been spared in invoking the ambience of opulence, and touches such as special order Cassina beds, Fabbian lamps, B&B sofas and gleaming marble Maxalto coffee tables are just the beginning.

Terrazze 301

PROPERTY SIZE / 128 M2 LOT SIZE / 261.52 M2 L O C AT I O N / M I D D L E H I R A F U ÂĽ / 165,000,000

A rare opportunity to own an apartment in Terrazze, nominated for the World Best Ski Chalet in 2015. The clean, open layout of each apartment showcases a signature style, blending the familiar elements of a modern luxury apartment with stylish colours and high-end finishes. Sleek, contemporary furnishings are warmed by natural materials and the sunshine and spectacular mountain views filtering in from large picture windows. No expense has been spared in invoking the ambience of opulence, and touches such as special order Cassina beds, Fabbian lamps, B&B sofas and gleaming marble Maxalto coffee tables are just the beginning.

MASHU

PROPERTY SIZE /

1 5 7. 3 3 M 2

LOT SIZE / 685 M2 L O C A T I O N / K A B AYA M A ¥ / 80,000,000

Located in one of the warmest neighbourhood, Mashu sits proudly in the middle of the tranquil Country Resort. Mashu is extremely well designed to allow views of Mount Yōtei from all the bedrooms as well as the living and dining area. It has a very large storage which can be used as owner's locker or it can be turned into an extra bedroom or a study. The driveway few steps outside the front door is big enough for two cars. Completed in December 2008, Mashu is in immaculate condition and suitable for a large family and to entertain friends.

U N I Q U E F E AT U R E S • Mount Yōtei view from all bedrooms & living areas • Spacious living and dining area • Big owner's storage 80

• At the door shuttle services • Beautiful winter and summer surroundings

Setsumon 101

PROPERTY SIZE / 105 M2 LOT SIZE / 600 M2 L O C AT I O N / U P P E R H I R A F U ¥ / 105,000,000

This stylish and centrally located dual key two bedroom apartment is located 100 meters from Hirafu’s main intersection and just a stone’s throw from some of the area’s most popular restaurants and the ski lifts. The apartment is well appointed with a high-quality finish and top brand appliances throughout. The designer kitchen offers a Miele cook top, dishwasher, microwave, kettle and toaster. Managed by Nisade, The Setsumon has on-site, year round, property management ensuring a high level of customer care and strong bookings year upon year.

Susuran

PROPERTY SIZE / 119.07 M2 / 66.24 M2 LOT SIZE / 1301.61 M2 L O C AT I O N / 9 0 5 , 5 7 9 ,0 0 0 ÂĽ / 905,579,000

BUILDING 1

BUILDING 2

In a spectacular and unbeatable ski-in/ ski-out location in the heart of Niseko, this landmark property originally built in the early 80s, provides absolute convenience with only few steps to ski lift and slopes. This property consists of spacious land and two separate residential buildings one with 6 bedrooms, and 1 bedroom for the other.

Ta n u k i

PROPERTY SIZE / 159 M2 LOT SIZE / 238 M2 L O C AT I O N / R U S U T S U ÂĽ / 92 ,000,000

New to the Rusutsu market is the newly built Tanuki house completed in December 2019. All the bedrooms located on the first floor, which allows for the second floor to have a luxurious open plan living area and kitchen. The property features a sauna to enjoy after a long day on the slopes. The property comes fully equipped with high-end appliances and a wood stove to keep you warm. Floor to ceiling windows offer stunning views and being triple glazed they keep the warmth in and the cold out. The home is located only a few short minutes walk away from the popular restaurants and bars in the area. A hotel license is included with the property and a very highly experienced local management company are in place to manage your rentals when your not staying in the property. Rusutsu is very popular in the winter and the summer, which increases the potential for a good rental income year-round.

ko z u e 3 0 1

PROPERTY SIZE /

73 M2

LOT SIZE / 495 M2 L O C AT I O N / M I D D L E H I R A F U ¥ / 110,000,000

1½

One of the most sought-after properties in Niseko has come up for sale. Kozue 301 is a stunning 1.5-bedroom apartment situated in the heart of Niseko. This pristine riverfront and clifftop site offer views of rolling hills through the fine branches of the treetops, known as ‘kozue’ in Japanese. Kozue boasts a prime Hirafu Village location with easy access to the slopes. The architectural design is guided by the building’s surrounding environment and focuses on creating a strong connection between the natural landscape and the interior spaces. Kozue offers an on-site reception and concierge service.

H a na z o n o C h a l e t

PROPERTY SIZE / 232 M2 LOT SIZE / 1653 M2 L O C AT I O N / H A N A ZO N O ÂĽ / 350,000,000

This stunning home was built in 2008 and just recently renovated to include a self-contained apartment that can be used for a nanny or maidsâ€™ room or just an extra room for guests. Hanazono Chalet has five bedrooms and four bathrooms and built on 1,653 sqm of land just 1 minute drive from the Park Hyatt and the Hanazono ski lifts. The huge open plan living space with a 7 metre high vaulted ceiling looks out into the forest from all angles. Uninterrupted views of Mt Yotei and Mt Annupuri from the living, dining and kitchen. The main difference this Chalet has over properties in Hirafu is the connection with nature. Views into the forest from every room. No adjoining house or apartment to block your view or compromise your privacy. Without all the neighbours comes a sense of peace and quite for you to completely relax and unwind.

D r i f t N i s e ko

LOT SIZE / 2 ,092 M2 L O C A T I O N / K A B AYA M A ¥ / 181,000,000 NUMBER OF LOTS / 14

The vision for Drift is to create a family of wellplaced, similar yet individual homes, each with its own private onsen within this exceptional Hokkaido forest and mountain landscape. The Master Plan has been developed to maximize majestic mountain views while limiting the visibility of neighboring dwellings. By using an understated human touch, the scale and atmosphere of Drift will appeal to one’s senses of light, space, scent and sound. Being at one with an incredible natural environment. This feeling is inspired by the views – both the mountains in the distance and the more proximate vistas directly accessible from the property’s balcony or simply by stepping outside.

UTILITIES

• Electricity

• Storm water system

• Water

• Road snow-melt heating on steeper sections

• Dedicated onsen spring water

• Broadband internet

West of Hirafu Land

PROPERTY SIZE / 597 7 M2 LOT SIZE / 1,805 TSUBO L O C AT I O N / H I R A F U O U T S K I R T S ÂĽ / 362 ,000,000

Just over 1,800 Tsubo of Development Land Prime for Hotel, Commercial or Housing Estate. Located 2min drive from the heart of Hirafu. Situated along a mature tree-lined ridge with fantastic Mt. Yotei views, this prime development plot has sections of flat land ideal for a hotel or commercial development. With a gentle sloping approach down to a freeflowing picturesque river, this site also lends itself perfectly for a villa project or wellness retreat.

M o i wa D e v e l o p m e n t L a n d 418-2 9,667m2 2,929.4 tsubo

419-2 10,305m2 3,122.7 tsubo

PROPERTY SIZE / 6433 TSUBO LOT SIZE / 21229 M2 L O C AT I O N / M O I WA ÂĽ / 7 72 ,000,000

This is the perfect opportunity to own a piece of development land in the Moiwa area before prices go up, due to the Aman buzz. Moiwa is famous for its easy access to the superb quality onsen water and uncrowded ski slopes. This block is only a few hundred meters away from the new Aman Resort. This block of land has access from two main roads, and is only a few minutes walk to the Moiwa ski slopes and a short drive to Annupuri ski resort. With views over the Konbu mountain range and Moiwa ski resort, this block has it all. Mains water and drainage, power, everything you need to develop. The block would also make a great land bank option. With sites like this very rare we expect this wont be on the market for long.

This is the perfect site for a housing subdivision or Hotel-apartment condominium complex.

K a b aya m a 2 0 4 - 1

LOT SIZE / 495 M2 L O C A T I O N / K A B AYA M A ¥ / 590,000,000

Fantastic development land suitable for multiple build options. Featuring incredible views of Mount Yōtei, Mount Annupuri ski fields, farmland and mature trees with a gentle creek meandering through the site. With land prices on the assent from Hirafu through to Kabayama, this land is set to increase considerably within the next few years.

U N I Q U E F E AT U R E S • Development site • Stunning views • Excellent location

A z a T o g e s h i ta

LOT SIZE / 4,853 M2 L O C AT I O N / KU TC H A N ¥ / 58,900,000

Just off Route Five, the plot is situated only a five minutes’ drive from Kutchan Train Station and is within close proximity of local amenities. Offering uninterrupted views of Mount Yōtei in a peaceful setting, this site would be perfect for a large home or town houses.

U N I Q U E F E AT U R E S • Stunning views of Mount Yōtei • Only 15 minutes from Grand Hirafu Ski Area

Oha r a L a n d

LOT SIZE / 500 TSUBO L O C A T I O N / L A K E T O YA ¥ / 25,000,000

Only 12 minutes from Rusutsu this location is one of a kind with fantastic access to the resort in winter, and barely a 5-minute drive to the waters of Lake Toya in summer. The idyllic location for a 4-season retreat home. The plot overlooks lake Toya with a second view over farmland back to Mt Yotei and the Mt Annupuri mountain range. This large block has town water and is easily sub-dividable into several large home sites, or developable as the one large block.

U N I Q U E F E AT U R E S • Close proximity to Rusutsu and Lake Toya • A rare chance to invest in two of the regions fastest growing areas for investment opportunity • Epic views from the perfect site for luxury home or development opportunity

A N N U P U R I R E S I DE NC E S

LOT SIZE / 2700 M2 L O C AT I O N / A N N U P U R I ¥ / 39,900,000

Located in Annupuri, just under the ski field you will find Niseko Annupuri Residences, a 19-lot estate spread over 45,000m2 estate. The estate boasts excellent views of the Mt Annupuri and Mt Konbu range and is surrounded by forest on three boundaries with a natural brook running along the east boundary. Discerning buyers are now looking to the more tranquil Annupuri area as Hirafu continues to expand and becomes overcrowded. The Annupuri area boasts some of the best skiing in Niseko, some of Niseko’s famous eateries like Rakuitchi and Del Sol and the best natural onsen selection.

U N I Q U E F E AT U R E S • Up & coming area w/ huge potential for land value growth • All power & electrical underground for safety & views • 9-meter-wide paved road • Custom home sites 92

• On site management office

J O U R NA L E S T A T E R E A L

2021 Y E A R

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N I S A D E R E A L E S TAT E .C O M SALES@NISADE.COM

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