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THE NISEKO PROPERTY GUIDE Winter 2018 Foxwood - Niseko Higashiyama Homes

A WELCOME MESSAGE FROM OUR REAL ESTATE TEAM WELCOME TO THE NISEKO PROPERTY GUIDE The Niseko region is again abuzz with activity, as we continue the current growth period, this year marks another positive turning point in the future for this lively year-round destination. There has been a lot of positive changes in the area, reflecting this push forward as we see the development of new buildings, hotels, ski lifts and infrastructure by both the government and private sector. I m very excited about the next few years projected growth for Niseko and surrounding areas. Let us help you to secure your piece of paradise. Simon Robinson President While Hirafu Village remains the epicenter of activity, we are seeing the emergence of surrounding areas like Ginto Hirafu, St. Moritz, Higashiyama, Annupuri and Moiwa. With significant sales of prime commercial and residential land, Hokkaido Tracks is geared up for the next phase of this growth cycle. It s not only the global hospitality brands like the Park Hyatt and the Ritz-Carlton entering the market, but we have noticed a reemergence of the middle market, the family lifestyle investor seeking a balance of consistent returns, capital growth and an alternative second home. We are continuing to see the Japanese government support this growth through numerous large-scale infrastructure projects like the Shinkansen - bullet train - connecting Tokyo directly to Niseko, major highway upgrades which will reduce travel time to and from Chitose Airport along with the necessary local development to ensure future sustainability. It has never been easier to access Niseko with major international airlines and low-cost carriers beginning to make Chitose Airport a key hub within the Asian region with new direct flights being added on what seems like a monthly basis. There are still plenty of opportunities for buyers in the market, and we hope our Niseko Property Guide will lead you to something that suits your investment needs. As the pioneer of modern Niseko s development market with over 14 years of local experience, Hokkaido Tracks provides a completely integrated service offering a seamless Real Estate Sales, Project Management and Property Management solution. Strong international interest in the Furano real estate market has emerged in the past year, and opportunities look enticing for the early movers. This has prompted us to also open a new sales office in Kitanomine, Furano this winter. We encourage those interested in the region to come in and meet our sales team who can advise you quickly and clearly on the ins and outs of the market, whether looking to buy, sell or develop. MEET THE REAL ESTATE TEAM Paul Butkovich Sales Manager Keishi Nishimoto Real Estate Licensee Niseko Sales Paul Morris Niseko Sales Ryo Kashita Niseko Sales Scott Tovey Furano Sales Ha Lim Lee Hong Kong Sales 2 3

HOUSE FOXWOOD HOUSE & HIGASHIYAMA A brand new architectural home in Higashiyama s newest private housing estate - Foxwood. This 3 bedroom, 3 bathroom home will tick all the boxes for the modern-day ski family looking for a signature holiday home in Niseko. Brand new it comes fully furnished, rental ready, including all applicable licensing requirements with professional property management provided by Hokkaido Tracks. A must see if you are in the housing market. 152,500,000 Undercover car parking Master-planned estate Architectural design with premium furnishings 3 3 3 1 437m 2 203m 2 5

APARTMENT NISEKO HIRAFU CONTEMPORARY LUXE APARTMENTS MODERN ARCHITECTURE INSPIRED BY NATURE DEVELOPERS 22ème / Atmospheric Development PROJECT MANAGEMENT 22ème PROPERTY MANAGEMENT Hokkaido Tracks Resort Properties ARCHITECTURE na Nakayama Architects INTERIOR Poliform Contract (Italy) SALES ENQUIRIES, PLEASE CONTACT: Hokkaido Tracks Resort Properties paul.butkovich@hokkaidotracks.com T +81(0)8036125475 www.22eme.com/terra22 TERRA 22 - PENTHOUSE LOWER HIRAFU This sprawling full-floor Penthouse of over 300 sqm comes with indulgent views of Mt. Yōtei and the Grand Hirafu ski slopes, made possible by a 270 aspect of the surroundings. Furthermore, high ceilings and large windows impart a light and airy ambience that add to the allure of the interior spaces. With no lock-in to prohibitive leasing arrangements that restrict an owner s usage per season, owning a property in Niseko does not get more exclusive than this. Huge top floor penthouse in lower village Open plan living/dining/kitchen - Japanese bath Mt. Yōtei and ski-hill views 5 4 4 301m 2 455,000,000 7

APARTMENT APARTMENT 2 bedroom floor plan 3 bedroom floor plan TERRA 22 - APARTMENT 305 LOWER HIRAFU Developed by boutique developer 22ème, and incorporating a contemporary design by acclaimed architect Makoto Nakayama, it features a well-appointed interior by luxury Italian brand Poliform. This 2 bedroom apartment has an efficient and well thought out layout, with good proportions. The living room and master bedroom views are orientated towards the Grand Hirafu ski slopes, with the night skiing floodlights providing a vibrant evening backdrop. 112,000,000 Open plan living/dining/kitchen Immediate proximity to popular onsen and restaurants Ski-hill and Mt. Yōtei views / shuttle bus route TERRA 22 - APARTMENT 301 LOWER HIRAFU Terra 22 is an exclusive 9-unit luxury condo well-located in the burgeoning upmarket locale of Lower Hirafu. Developed by boutique developer 22ème with a focus on details, and incorporating a contemporary design by acclaimed architect Makoto Nakayama, with well-appointed Italian furnishings by Poliform. Bespoke property management and concierge services by Hokkaido Tracks ensure a hassle-free experience. Large 3 bedroom apartment in lower village Open plan living/dining/kitchen Ski-hill and Mt. Yōtei views / shuttle bus route 169,800,000 2 2 2 88.19m 2 3 2 2 133.91m 2 8 9

APARTMENT APARTMENT 1 bedroom + studio floor plan 1 bedroom floor plan TERRA 22 - APT. 202-203 LOWER HIRAFU Terra 22 is an exclusive 9-unit luxury condo well-located in Lower Hirafu situated just diagonally across the road from Yukoro Onsen. Looking into a lush and quiet street, with partial views of Mt. Yōtei, this 2-bedroom 2-key apartment has an efficient layout and allows for more flexible leasing options. Bespoke property management and concierge services by Hokkaido Tracks ensure a hassle-free experience for owners and guests. 79,000,000 2-key Apartment - living/dining/kitchen Immediate proximity to popular onsen and restaurants Mt. Yōtei views / shuttle bus route TERRA 22 - APARTMENT 103 LOWER HIRAFU Terra 22 is an exclusive 9-unit luxury condo well-located in Lower Hirafu situated just diagonally across the road from Yukoro Onsen. This exciting and spacious 1-bedroom apartment will appeal to those looking for a trendy pied-a-terre in Hirafu. The furniture in this apartment was subtly selected in more intense hues to contrast against the predominantly darker tones of the interior. 52,800,000 Living/dining/kitchen Mt. Yōtei aspect Immediate proximity to popular onsen and restaurants 2 2 2 67.78m 2 1 1 1 53.24m 2 10 11

Located in a peaceful forest, steps from AYA and the Ace Family Quad Lift, Intuition is a sister development of Elevation Hirafu, the pre-eminent estate master planned by Kengo Kuma & Associates, which was sold out in one season. Intuition offers 10 individual spacious sites for custom homes, each benefitting from the same high-quality infrastructure including underground power, eight-meter wide private road with sidewalks, landscaping and onsen water supplied directly to each villa. At the top of the hamlet, the Intuition Apartments, expected to complete by winter 2020, will house dining, onsen and fitness facilities, and concierge services exclusive to the Intuition residences. Contact the HT Real Estate team for more details intuitionniseko.com DEVELOPED BY Abucha Seicomart ACE FAMILY QUAD LIFT Restaurant Izakaya AYA Odin Place Vale Bar & Grill Niseko Pizza exclusive onsen hamlet in the center of hirafu Sun Sports Land Tennis Courts

APARTMENT APARTMENT SHINSETSU 2 MIDDLE HIRAFU Conveniently located in Middle Hirafu, an easy walk to many restaurants, bars and shops. This property has 3-bedrooms, 2-bathrooms, and an enclosed garage exclusively for the owner or guests. The master bedroom has an ensuite bathroom and both guest rooms enjoy views of Mt. Yōtei. Well-maintained with a comfortable entertainment area and spacious kitchen. Lots of natural light and bathtubs in both bathrooms are a bonus. Conveniently located in Middle Hirafu Rare opportunity to have a private garage Lots of natural light with views of Mt. Yōtei 72,000,000 KI NISEKO - 702 PENTHOUSE UPPER HIRAFU This is a unique opportunity for those who must have it all. A true Penthouse with panoramic views of Mt. Yōtei, easy ski-in/ ski-out access, and the perfect setting to entertain guests. The floor to ceiling windows on both sides and massive balcony with a large jacuzzi is the best way to enjoy the breathtaking views. There are 4 bedrooms with en suite bathrooms and a smaller 5th bedroom for children or a maid. 480,000,000 Ski-in, Ski-out Penthouse adjacent Hirafu Gondola Expansive external balconies & Jacuzzi En-suite bathrooms, full kitchen & laundry facilities 3 2 2 1 110m 2 5 5 5 1 252m 2 14 15

APARTMENT SHIKAKU APARTMENTS MIDDLE HIRAFU Situated just meters from the main intersection of Hirafu village this prime boutique apartment block is a great opportunity for an investor looking for a cash-flow positive investment model in the village today. Building design by Nakayama Architects and super stylish interiors by Sekka make this building stand out even in todays rental market. Central location Stylish interiors Strong rental history POA 11 11 11 543m 2 332m 2 17

APARTMENT APARTMENT HAVEN PENTHOUSE MIDDLE HIRAFU Designed by Riccardo Tossani, luxury 4 bedroom plus maid s/ bunk room, top floor, penthouse. Unparalleled panoramic views of Mt. Yōtei, ski slopes and surrounding village. Each bedroom with en-suite. The master bedroom in particular sporting a large relaxing freestanding tub. Exterior deck space, owner s storage, access to under-floor heated rooftop terrace with bioethanol fire pits, too much to list. 340,000,000 Stunning 180 degree views, cigar & wine room Electric under-floor heating, on-site heated parking areas Ground level restaurant/retail space & much more HAVEN 201 MIDDLE HIRAFU Designed by Riccardo Tossani, Haven 201 combines the spacious communal areas of a fully-featured 4 bedroom, 4 ensuite apartment plus a separate maid s/bunk room with the incredible versatility of a 3-key system designed to ensure the greatest potential flexibility and return on investment. With three separate balconies, beautifully positioned floor-to-ceiling windows providing views in all directions. 280,000,000 Floor to ceiling feature windows Designated on-site heated parking areas Ground level restaurant/retail space & much more 5 5 5 1 241m 2 4 4 4 1 223m 2 18 19

APARTMENT APARTMENT YAMA SHIZEN EAST 502 UPPER HIRAFU Another great opportunity in the upper Hirafu secondary market. This 5th floor unit has excellent ski hill views and a solid P&L history and with a reasonable price tag this should be a must see unit for buyers in the market. The unit has 3 bedrooms, 2 bathrooms, 3 toilets, as well as a good sized owner storage closet just outside the unit. For more information and a look at the P&L for this unit get in contact today. 95,000,000 High floor unit offers Hirafu ski hill views Popular building well-located in Upper Hirafu Large open-plan kitchen and entertainment area YAMA SHIZEN WEST 503 UPPER HIRAFU This centrally located unit has, 3 bedrooms, 2 bathrooms, 3 toilets, located on the 5th floor of Yama Shizen West. The apartment was designed with a 2-key rental system, so it can be rented out as a studio, 2 bedrooms or 3 bedrooms giving owners maximum potential for hitting the rental market needs depending on the season. To find out more on this quality 5th floor unit get in contact today. 90,000,000 Popular building well-located in Upper Hirafu Dual-key format offers owner rental flexibility Large open-plan kitchen and entertainment area 3 2 3 120m 2 3 2 3 124m 2 20 21

APARTMENT APARTMENT YAMA SHIZEN EAST 403 UPPER HIRAFU This centrally located unit has 3 bedrooms, 2 bathrooms, 3 toilets, located on the 4th floor of Yama Shizen East. The apartment was designed with a 2-key rental system, so it can be rented out as a studio, 2 bedrooms or 3 bedrooms giving owners maximum potential for hitting the rental market needs depending on the season. To find out more on this quality 4th floor unit get in contact today. 87,000,000 Popular building well-located in Upper Hirafu Large open-plan kitchen and entertainment area High floor unit offers stunning views of Mt. Yōtei YAMA SHIZEN EAST 202 UPPER HIRAFU An excellent 3 bedroom, 2-key ski-hill view property has come up on the 2nd floor of Yama Shizen East. The unit faces towards the ski-hill side of the village and has a nice open plan living, dinning, kitchen area that makes this unit ideal for family holidays. The unit has a good rental history and is in overall excellent condition for a secondary market unit. To find out more about this unit get in contact today. 84,000,000 Popular building well-located in Upper Hirafu Dual-key format offers owner rental flexibility Large open-plan kitchen and entertainment area 3 2 3 122m 2 3 2 3 120m 2 22 23

APARTMENT APARTMENT YAMA SHIZEN EAST 602 - PENTHOUSE UPPER HIRAFU Large open-plan kitchen, dining room, and entertainment area enjoys stunning panoramic views of Mount Yōtei from a private jacuzzi on the large wrap-around balcony. It is just a short walk up the hill to the Hirafu ski lifts and there are dozens of restaurants, bars, and shops nearby. The 2-key feature offers flexibility to rent the studio and 2-bedroom unit separately so you can continue earning income while using the property. 150,000,000 Penthouse well-located in the heart of the actionstunning Views of Mt. Yōtei from the top floor Massive wrap around balcony with jacuzzi KAMUI NISEKO - PENTHOUSE ANNUPURI VILLAGE The first condominium development in the up-and-coming resort area of Annupuri Village. The penthouse apartment is a whopping 244.70m 2 of internal living space plus 16m 2 of external BBQ deck & balcony. With views towards the ski-hill and surrounding Niseko ranges, this unique Annupuri property will be appointed with luxury furniture and fittings and will be one of the most sought after rental properties in the resort. First condo in Annupuri village Air-conditioning throughout Floor to ceiling windows 270,000,000 3 2 3 1 120m 2 4 3 3 2 244.7m 2 24 25

APARTMENT APARTMENT KAMUI NISEKO - 101, 102, 103 & 104 ANNUPURI VILLAGE 1 bedroom + studio apartments in the ground breaking condominium development in Annupuri Village. With a generous floor area at 130sqm (incl. balcony) these are likely the biggest 2 bedroom apartments for sale in Niseko today. The apartments have been designed with a 2-key application so that you can have two groups occupying the property at one time. This will help maximize occupancy and your returns throughout the year. Each unit from 106,000,000 2-key, fully furnished, private balcony, owner storage Air-conditioning throughout Floor to ceiling windows KAMUI NISEKO - 201 ANNUPURI VILLAGE This very generously sized 3 bedroom apartment is 189sqm (incl. balcony). It comes fully-furnished with large floor-toceiling windows allowing for stunning views of Mt. Yōtei and the surrounding natural environment which strongly influences the architectural design and finishes. Private balcony, en-suite bathrooms, drying and laundry room plus owner storage are just a few of the features in this luxurious property. 180,000,000 The complex features a restaurant and generous lobby Floor to ceiling windows / Air-conditioning throughout First condo in Annupuri village 2 2 3 2 118m 2 3 3 4 2 179m 2 28 29

www.hokkaidotracks.com HOUSE FROM CONCEPT TO COMPLETION AND BEYOND Combining vast regional knowledge and long standing relationships with Japanese craftsmen, our custom homes team delivers luxury homes representing the very best the region has to offer. With Hokkaido Tracks you will receive the personal and professional attention in every detail that you deserve while you are building your home and beyond. We offer full custom designs, strict budget management and international options to produce the perfect ski home that will match your vision, lifestyle and dream. Contact us today at sales@hokkaidotracks.com TANUKI HOUSE COUNTRY RESORT This beautiful house with stunning views of Mt. Yōtei in the familyfriendly Country Resort community was recently renovated and expanded. Completed in Dec. 2012 and used exclusively by the owner, it is already licensed for holiday rentals. Fully fitted with high-quality interior furnishings and thoughtful design. Children will love the trampoline, large balconies, and generous backyard. An enclosed garage and plenty of storage throughout the home are a huge bonus. 108,000,000 Recently renovated family holiday home Fully fitted with high-quality interior furnishings Beautiful view of Mt. Yōtei in a quiet area 4 3 3 1+ 815m 2 234m 2 31

ACE FAMILY QUAD GINTO HIRAFU INTUITION

HOUSE HOUSE YU-NO-SATO COTTAGE RANKOSHII This cozy cottage located in the peaceful Yunosato neighborhood is ideal for a new entry-level investor to Niseko. The house sits on an elevated 526 sqm plot of land with beautiful mountain views. The house is well-maintained and the tatami mat room adjacent to the living room can be used as a guest bedroom. This is great opportunity for any investor with a budget around USD 100,000 looking to invest in Niseko. 12,000,000 Cozy cottage in the peaceful Yunosato neighborhood Great opportunity for a new entry-level investor Easy access to ski lifts in Annupuri/Moiwa JAN KEN PON MIDDLE HIRAFU Meticulously renovated in 2006 this luxurious property is a must see from the inside and will impress even the most discerning clients. Stepping inside you feel the character from the naturally selected materials, exposed wood finishes and beautiful stone work. Entertain your friends in style and then retire to the bar area for a drink or two around the cosy wood burning stove. Very spacious property, designed to entertain Extensive parking area Close to Hirafu shuttle 180,000,000 1 1 1 1 526m 2 66m 2 5 5 5 4 242m 2 400m 2 34 35

HOUSE HOUSE SAISON HOUSE SOGA Spacious wooden house in a quiet enclave within Saison Club. Incredibly convenient location as there are several restaurants within walking distance. It is only a 5-minute drive to the ski lifts in both Higashiyama and Annupuri. Hirafu Village and Niseko Town are about 10-minutes away. The house was built in 1992 and used as a family home until recently. The upstairs loft area could be used as a third bedroom. 48,000,000 Spacious house in a quiet enclave within Saison Club Walking distance to several nearby restaurants Only 5-minutes to ski lifts in Higashiyama/Annupuri TOYA HOUSE COUNTRY RESORT This spacious 2-key home is located in the growing community of Country Resort, a neighbourhood set in a tranquil location near the base of the Hirafu village surrounded by forests, streams and rivers with virtually traffic-free roads making a great setting for kids and family to explore in all seasons. Toya House is a great option for the investor looking for a family chalet in this beautiful part of the world. Family friendly, Four seasons Mt. Yōtei views Double car garage 88,000,000 2 1 1 2 990m 2 170m 2 4 3 3 2 250m 2 925m 2 36 37

COMMERCIAL HOUSE COMMERCIAL HOTEL COCOA - COMMERCIAL LAKE TOYA Hotel Cocoa is a 10-room boutique hotel overlooking beautiful Lake Toya. Less than 10-minutes by car to Toyako Town with Niseko about an hours drive away. The two-level reinforced concrete structure was completed in 2003 and is in excellent condition. An attractive investment opportunity to own a wellmanaged asset on a large plot of land just minutes from Lake Toya. All guest rooms are spacious and command stunning views. 400,000,000 Very attractive investment opportunity Spectacular views over Lake Toya Boutique hotel ready to operate, 2 deluxe, 8 standard rooms RESTAURANT / RESIDENTIAL KUTCHAN A great commercial opportunity located in one of the most prominent gateway intersections in the area. Currently being operated as a Chinese restaurant with the owner/operator living upstairs in a 3 bedroom, 1 bathroom apartment. This is a great location to continue operating a restaurant or setting up one of the many required businesses in the region. With plenty of parking space this structure could serve a number of business opportunities. 60,000,000 High traffic, high visibility, great commercial site 5 minute drive to Central Hirafu Easily renovated, ample parking spaces 10 11 11 13 20,687m 2 796m 2 3 1 2 10+ 1,099m 2 191m 2 38 39

GINTO RESIDENCES GINTO HIRAFU Ginto Hirafu is a 200,000 sqm development opening in 2019 with stunning views of Mt. Yotei and nestled on the fringe of Hirafu Village. Beautiful plots of land are available in this exclusive estate to build your own custom luxury home and the adjacent Ginto Village will offer upscale dining, shopping, and entertainment options. Financing is available for up to 50% of the land and entire build cost of your Ginto Residence. From USD 950,000~ 16 plots of land ranging from 1,094-2,480 sqm Easy access to a plethora of amenities at Ginto Village Financing available for land and custom luxury home SANGA ESTATE RIVER NORTH HIRAFU Sanga Estate is an exclusive residential estate with 4 plots of premium land for custom luxury homes. The River plot is a generous 2,136 sqm of developed land with underground infrastructure. This beautiful site offers protected views of Mt. Yōtei overlooking the Shiribetsu River. While Sanga Estate offers a sense of seclusion, you are conveniently located on the fringe of Hirafu Village and just a short drive to both Hanazono and Kutchan. Exclusive residential estate near Hirafu Developed land for custom luxury home Protected views of Mt. Yōtei across Shirietsu River POA Plot sizes from 1094m 2 to 2480m 2 2136m 2 42 43

65-59, 58 ST. MORITZ - KABAYAMA Beautiful 1,769 sqm development site in the up-and-coming St. Moritz neighbourhood. Strategically located on the corner just past the new Always Niseko Hotel, this rare opportunity offers protected views of Mount Yōtei and easy access to Hirafu Village. Contact us today to discuss the best development options for this land. 134,000,000 Mount Yōtei and woodland views Maximum footprint area 40%, 200% floorspace area Maximum building height 13 meters ELEVATION - LOT L ELEVATION This is a rare opportunity to join the exclusive community in Elevation which is a master-planned estate by world-famous architect Kengo Kuma. Set in the idyllic forest below the Hirafu Gondola, enjoy protected views of Mt. Yōtei and Hirafu Village while overlooking the popular Izumikyo neighborhood. The price is USD 1,950,000 and includes underground power and wide roads within the private estate. USD$1,950,000 Rare opportunity to be part of the Elevation community Exclusive master-planned estate by Kengo Kuma Great views of Mt. Yōtei and Hirafu Village 1769m 2 932m 2 44 45

YŌTEI VILLAGE PREMIUM YŌTEI VILLAGE The best residential housing site in the quiet and secluded subdivision known as Yōtei no Sato is now on the market. An amazing site deserving of a great Niseko holiday home. There are only a handful of sites like this left around the Hirafu area with protected Mt. Yōtei views and Annupuri ski-hill views. Although secluded, this area is close to both Hirafu village and access routes to Hanazono and Kutchan town. Protected Mt. Yōtei views, Annupuri views Secluded neighbourhood Large sized block POA RAVINE SITE ANNUPURI This beautiful ravine site is located close to the Annupuri ski lifts and offers stunning views across a pristine natural stream. Great location to enjoy the peaceful sound of flowing water in a quiet forest environment. An architecture firm has already created a master-plan and concept houses to take advantage of the unique topography. Beautiful ravine site close to Annupuri Enjoy the sound of a natural flowing stream Ideal site for 2 or even 3 custom luxury homes 60,000,000 1,332m 2 6,068m 2 46 47

NISEKO ANNUPURI RESIDENCES ANNUPURI Niseko Annupuri Residences is a brand new collection of 19 custom luxury home sites located within a quasi national forest ensuring preservation of the spectacular natural surroundings. The Annupuri and Moiwa resorts are a short 2 minute drive away, with several renowned onsens in close proximity. Generous lot sizes Access to Moiwa and Annupuri ski hill Underground power from 40,000,000 HIRAFU TRAIN STATION KABAYAMA This is a very unique development site perched between the charming Hirafu Train station and the beautiful Shiribetsu River. This land site could be used in various ways depending on the developer s time frame and budget. With Mt. Yōtei glimpses, ski hill and river views, this site has it all and is a fraction of the cost of most sites available within reach of Hirafu Village and the ski lifts. 122,000,000 Located adjacent to the charming Hirafu Station Protected ski hill views across the Shiribetsu River Unique site ideal for a forward-thinking developer 1,558m 2 13,478m 2 48 49

PREMIUM HOTEL DEVELOPMENT SITE MOIWA A beautiful piece of Moiwa development land that sits as one of the key blocks to the resort areas future development. This large block is directly adjacent to the recently refurbished One Niseko Resort Towers and one of Niseko's most established and successful Japanese onsen hotels Kanro No Mori. Don't miss this chance to secure one of the best purchase opportunities in the Niseko area today. Hotel development site Ski-in land Hot spring zone POA TWIN PEAKS FUTAGOYAMA - NORTH HIRAFU Located only 2.8km from the Hirafu ski lifts and up behind Ruhiel ice cream shop, this double lot offers stunning Mt. Yotei views and would make a great site for a large single family home or potentially a pair of houses. The land is located on a ridge which provides guaranteed views now and into the future. For a viewing of the site get in touch with our sales staff. Mt. Yotei Views 5 minute car drive to Central Hirafu 5 minute car drive to Central Kutchan 23,000,000 30,677m 2 633m 2 50 51

MOIWA SKI RESORT MOIWA Rare opportunity to become a strategic stakeholder in the future development of Moiwa. This 18,044 sqm site offers road access on 3 sides, an easy walk to the ski lifts, and convenient ski-back access. A concept plan has already been created for a housing sub-division but a condominium or hotel with commercial facilities would also be a great option for this prime location. Now is the ideal time to invest in Moiwa. Strategic development opportunity in Moiwa Large block of prime land with excellent access Available exclusively through Hokkaido Tracks POA NISEKO TERRACE NISEKO - KONBU This large plot of land surrounded by farms and forests is for those seeking something truly unique. The top section overlooks a ravine and offers protected views of Mt. Yotei. The southern section was previously a farm with terraced fields and allows a forward-thinking developer to create something very interesting here. Direct access to Route 343 means you are only 10-minutes to Niseko Town and the Annupuri/Moiwa ski lifts. 70,000,000 Terraced land overlooking a ravine towards Mt. Yotei Peaceful location with direct access to Route 343 Only 10-minutes to Niseko Town and ski lifts 18,044m 2 20,323m 2 52 53

SOLD LISTINGS SOLD LISTINGS KIRA KIRA 401 UPPER HIRAFU KON K - ISE MIDDLE HIRAFU YAMADA 155-20 LOWER HIRAFU YAMADA 155-128,129 LOWER HIRAFU SOLD: JUNE 2017 SOLD: JULY 2017 SOLD: JUNE 2017 SOLD: JULY 2017 KIRA KIRA 501 UPPER HIRAFU LOG COTTAGE IZUMIKYO 2 YAMADA 83-63 IZUMIKYO 2 HIGASHIYAMA 48-1 HIGASHIYAMA SOLD: SEPTEMBER 2017 SOLD: OCTOBER 2017 SOLD: JULY 2017 SOLD: JULY 2017 KITAHARA HOUSE YOTEI NO SATO MIYUKI 1 MIDDLE HIRAFU ELEVATION LOT-N ELEVATION YOTEI VILLAGE YOTEI NO SATO SOLD: OCTOBER 2017 SOLD: NOVEMBER 2017 SOLD: JULY 2017 SOLD: AUGUST 2017 54 55

SKI-IN / SKI-OUT 48 FULLY SERVICED APARTMENTS FANTASTIC WINTER SPECTACULAR SUMMER Sales opening soon. Register your interest today. fenixfurano.com Sole Agent: Hokkaido Tracks +81(0)136-21-6960 info@fenixfurano.com by Fenix will be Furano's first truly world-class apartment development. Home to the second largest ski resort in Hokkaido and one of the top 10 travel destinations in Japan, Furano is a powder haven and regular host to Ski and Snowboard World Cup events. It is equally famous for its beautiful summer lavender fields, which draw millions of visitors from Japan and abroad. Accommodation in Furano is in peak demand during two high seasons, summer (Jun - Sept) and winter (Dec - Mar). Fenix Furano offers astute investors an attractive rental income and a once in a lifetime opportunity to be the first in to a growth market. Due for completion in December 2019, Fenix Furano is located directly opposite the Kitanomine Gondola, offering a coveted ski-in/ski-out address, and immediate access to all village amenities.

THE GUIDE NISEKO REAL ESTATE PURCHASING FAQ THE GUIDE NISEKO REAL ESTATE PURCHASING FAQ Frequently Asked Questions Purchasing Costs WHAT PURCHASE-RELATED COSTS DO I HAVE TO PAY? Upon purchase, you will have to pay real estate commissions, solicitor s fees, stamp duties, a property acquisition tax (paid within six months of purchase), fixed asset taxes as well as postage fees and bank transfer charges. As a general rule of thumb you need to budget 5% on top of the purchase price to cover acquisition costs. EXAMPLE PURCHASE COST Sales Price 101,500,000 Solicitor s fees 270,000 Contract Stamp Duty (Inshizei) 100,000 Stamp Duty for Registration (Toukimenzei) 235,900 Real estate commission (3% plus tax) 3,288,900 Property Acquisition Tax 334,500 Fixed Asset Tax 156,000 Postage and Bank Fees 10,000 Total cost 105,895,000 WHEN AND HOW DO I PAY THESE ON-COSTS? Solicitor s Fees, Stamp Duties and postage fees are invoiced in Japanese yen at settlement. Property Acquisition Tax is invoiced to the buyer within six months of settlement. HOW ARE SOLICITORS FEES CALCULATED AND WHAT SERVICES DO THEY COVER? Solicitors Fees cover the costs of ensuring that the property is unencumbered and transfer of ownership to the purchaser. The fees vary depending on sales price, as follows: Sales Solicitors Fee Up to 50,000,000 162,000 50,000,000 100,000,000 216,000 100,000,000 150,000,000 270,000 HOW MUCH ARE STAMP DUTIES? There are 2 stamp duties payable: 1. Contract Stamp Duty ( Inshizei ) is calculated on the sales value of the property. Both parties the vendor and the purchaser shall pay Stamp Duty respectively and affix the stamp to the contracts. Property Value Contract Stamp duty 10,000,000 50,000,000 20,000 50,000,000 100,000,000 60,000 100,000,000 500,000,000 100,000 2. Stamp Duty Registration ( Toukimenzei ) is a tax for registering the set up of ownership on a property and is calculated by the solicitor on the councils value of the land and the building. It s currently taxed at 1.5% for the land and 2% for the building registered to the land. HOW MUCH IS THE PROPERTY ACQUISITION TAX? Property Acquisition Tax is levied on property sales at the rate of 3% of the government appraised value. A statement will be sent within six months of completion of the transaction. Hokkaido Tracks Real Estate Team can handle payment on the buyers behalf. HOW MUCH IS THE FIXED ASSET TAX? Fixed Asset Tax is levied annually on both land and buildings at the rate of 1.4% based on the government base valuation for the property. The tax is pro-rated at the settlement and will be paid to the seller. If you have any questions about purchasing costs or Japan real estate in general, please don t hesitate to get in touch. 58 59

THE GUIDE HOKKAIDO TRACKS GUEST SERVICES THE GUIDE HOKKAIDO TRACKS GUEST SERVICES Hokkaido Tracks Holiday Services ACCOMMODATION Offering Niseko s most exclusive residences for the most discerning of travelers, our properties offer magnificent village locations, panoramic views, open-air jacuzzi s and fully appointed living and dining areas. Contact us for a truly memorable family and friends Niseko experience. SKI/BOARD LESSONS From beginner to advanced riders, everyone benefits from lessons. Niseko ski schools offer a comprehensive collection of group, private and kids specific programs in a fun & safe learning environment. AIRPORT TRANSFERS Reduce the hassle and enjoy your holiday by being met at the arrival gate in Chitose Airport and being taken directly to your accommodation. Private, group or public bus transfers available. CAR RENTAL Enjoy the freedom of having your own vehicle to travel where and when you like. Whether it be a small car or something larger for the family, we ll get you moving. LIFT PASSES For your convenience, order your All Mountain Lift Passes in advance and have them waiting for you in your accommodation upon arrival. Take full advantage of all the mountain has to offer. IN HOUSE DINING Enjoy a delicious home-cooked meal (Japanese or western) in the comfort and privacy of your own accommodation. We can arrange for a private chef to cater for your every need. SKI/BOARD RENTAL Choose and book your equipment in advance, then collect the night before use to ensure you are ready to ski/ride the next morning. Standard and premium equipment for all levels available. VIP CONCEIRGE SERVICES From assisting with rental equipment to selecting the very finest restaurants and your own private ski guide taking you to the hidden gems of Niseko, make your stay extra special. No detail is too small or request overlooked. Visit us at hokkaidotracksaccommodation.com to make your bookings online 60 61

Experience Matters Putting owners first, Hokkaido Tracks offers a transparent property management solution. Drawing on 15 years of experience in Niseko, we provide a flexible, owner-focused service for luxury homes and accommodation. Whether it s your private hideaway holiday home or a rental investment, we ll take care of you and your asset. Call, email or pop by our Niseko office to see how we can help. Contact: Kieran Culhane - Asset Manager Phone: +81 136 21 6960 Email: management@hokkaidotracks.com Online: www.hokkaidotracks.com Maintenance Accounting Reservations Guest Services

HIRAFU ZAKA ST. GONDOLA ZAKA ST. ACE QUAD#2 LIFT HIRAFU GONDOLA HIRAFU 188 SASAYAKI AVENUE ST. MORITZ HIGASHIYAMA ANNUPURI MOIWA KUTCHAN TRAFFIC LIGHTS SEICOMART LAWSON MT. YOTEI PHONE +81 136 21 6960 EMAIL sales@hokkaidotracks.com ONLINE www.hokkaidotracks.com