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$7m forest sold

By 22nd December 2007June 1st, 2021News, Niseko News, Niseko Real Estate

The Forest – a huge tract of treed land in upper Hirafu – has sold for what’s believed to be a Hirafu/Niseko record for a single sale.

The final sale price is confidential but it was on the market for ¥700 million (approx $US7 million).

The new owner is an Australian businessman from Brisbane who plans to build a ‘super luxury, all penthouse development’.

It will include day spa and wellness centre and commercial space.

“This development will bring a level of sophistication and luxury unseen in Niseko and will be the cornerstone of the maturation of Niseko into a true world class four seasons resorts,” he said.

The 3,825sqm (1,159 tsubo) lies just below the J-First hotel and one minute’s walk from the Grand Hirafu Gondola in Upper Hirafu Village.

The back and left boundaries border onto national parkland and the right boundary is a creek-line.

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