Karuizawa resort condos sell out

On November 29, real estate company ES-CON JAPAN announced that all 37 resort-style apartments developed in conjunction with Ost Development G.K. in Karuizawa had sold out prior to completion.

Øst Residence Karuizawa is a luxury, low-rise project of residences sitting on over 15,000 sqm of land just an 8-minute drive from Karuizawa Station. Resident services include housekeeping, arranging for caterers, rental car delivery and organizing tours. Residents also have access to a clubhouse with dining space and lounge. 

Construction is scheduled to be completed by the end of December 2021. The grand design was carried out by HK-based Norwegian Chris Fjelddahl, with interiors by Atelier Ikebuchi.

Karuizawa has several resort-style condominiums that have either been recently completed or under construction. They include Duo Hills Gran Kyu-Karuizawa, due to be completed in February 2022 with 19 apartments, and Royal Principal Karuizawa, completed earlier this year with 19 apartments. In Royal Principal Karuizawa, two-bedroom (84 sqm) apartments are priced from 118.8 million Yen (approx. US$1.05 million), and three-bedroom (113 sqm) apartments are priced from 158.8 million Yen (approx. US$1.4 million).

Source: R.E.Port, November 29, 2021.

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