Foreign Capital Participation and Condominium Ownership System in Ski Resort Development in the Niseko Region, Hokkaido

Key Points

• This research aims to clarify the role of the condominium ownership system and foreign capital involvement in resort development in Niseko.
• Analyzed real estate registration information in the Hirafu area.
• Investigated construction application trends since the 2000s.
• Examined the implications of subdivided ownership on transactions.
• Significant increase in construction applications by foreign capital in the 2000s.
• Ownership rights were found to be subdivided and trading was prominent.
• Increase in foreign rights holders, with some domestic rights sold to tax havens.

Abstract