Fractional Ownership News

Japanese developer set to launch ski resort PRC

Japanese developer Hokkaido Tracks is set to launch its third fractional ownership scheme, the Escarpment Estate Private Residence Club, in the ski resort of Niseko Hirafu.

Company president Simon Robinson says the idea is to provide luxury resort residences that can be used, loaned, rented, exchanged or sold. The resort will feature 10 luxury high-end residences in a gated enclave community with resort club facilities.
The usage plan of this equity based shared ownership concept is a 1/16th share, with fractional shares starting from ¥9,000,000. The sales contract and shareholders agreement will include five-year, seven-year and 10-year sellout options, with the sales revenue being divided amongst the investors.
Robinson said: “This approach makes a lot of sense in today’s market and we are already starting to get good traction”.

The Estate will also feature The Nest, a club facility for owners and guests which will include a lounge bar, massage and beauty services, gymnasium, a childrens’ room with games and more.

www.hokkaidotracks.com

10/02/12
 

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