luxury real estate for sale Nagano, Japan

・A private garden overlooking Mount Asama ・“Asama Terrace Villa Community,” exclusively designed by the Kidosaki Architectural Research Institute ・A spacious living-dining-kitchen area with a sloped ceiling featuring truss beams. Large glass windows bring in the surrounding greenery. ・Features an open-air bath on the outdoor terrace, along with a stone-clad wash area and jacuzzi. ・A single-story, 5-bedroom home built on a spacious lot of approximately 574 tsubo. Set in a lush, private environment. PROPERTY OVERVIEW ■Location: Oaza Nagakura, Karuizawa Town, Kitasaku District, Nagano Prefecture ■Access: Approximately 9 minutes by car (approx. 3.7 km) from Shinano Railway’s “Shinano-Oiwake” Station, approximately 14 minutes by car (approx. 6.3 m) from “Naka-Karuizawa” Station ■Land Title: Freehold ■Land Area: Registered 1,896.00 m² (approx. 573.54 tsubo) ■Private Road Obligation: None ■Land Classification: Forest ■Road Access: Private road on the northwest side, approximately 6.0 m wide ■Zoning: Type 1 Low-Rise Residential Zone ■Urban Planning: Non-designated area ■Other Restrictions: Karuizawa Town Nature Conservation Guidelines, etc. ■Building Coverage Ratio/Floor Area Ratio: 20/20% ■Building Area: As recorded in official records: 145.95 m² (approx. 44.14 tsubo) ■Floor Plan: 5LDK ■Structure: Single-story wooden structure with galvanized steel sheet roofing ■Date Built: April 2020 ■Parking: Available ■Current Status: Occupied ■Closing: Negotiable ■Remarks: In the event of any discrepancy between the drawings and the actual condition, the actual condition shall take precedence. ■Mode of Transaction: Brokerage. ■Last update date: https://list-sir.jp/lp/date License Number: Minister of Land, Infrastructure, Transport and Tourism (3) No. 8544 [Member of] Real Estate Companies Association of Japan (FRK) / National Housing Industry Association

・Built in 2021, with a total of 19 residential units ・On-site parking available (19 spaces, free of charge) ・Located on the first floor, with limited visibility from the street ・Well-maintained by Tokyu Community Corporation (fully outsourced management, daytime on-site staff) Property Overview Right: Freehold. Address: 39-1, 39-2 Karuizawa-Higashi, Karuizawa-machi, Kitasaku-gun, Karuizawa, Nagano, Japan. Access: 10 min-walk from ”Karuizawa” station on the Shinano Railway Line and JR Hokuriku Shinkansen. Structure: Reinforced concrete, 2stories above ground. Floor: 1st floor. Living Area: 96.31 sqm. Balcony Area: 11.70 sqm. Year built: May 2021. Maintenance Fee: 45,300 JPY/mo. Reserve Fund: 13,500 JPY/mo. Management System: Full-outsourced, Daily. Current Status: Vacant. Delivery Date: Consultation. Mode of Transaction: Brokerage. Last update date: https://list-sir.jp/lp/date License Number: Minister of Land, Infrastructure, Transport and Tourism (3) No. 8544 [Member of] Real Estate Companies Association of Japan (FRK) / National Housing Industry Association

A Private Forest Resort with Views of Mount Asama - A Residence Designed and Built by M's Architects, Where Nature and Architecture Harmoniously Blend - ・A Sophisticated Residence Featuring a Design in Harmony with Nature ・Designed and Built by M's Architects, a First-Class Registered Architectural Design Office ・A Tranquil and Open Setting Surrounded by the Lush Forests of Karuizawa ・Enjoy Magnificent Views of Mount Asama, an Iconic Symbol of Karuizawa, from the Living Room and Outdoor Living Area ・A Luxurious Living Space Featuring 2 Bedrooms, a Piano Room, a Private Gym, and a Golf Simulation Room, Offering the Perfect Balance of Hobbies and Wellness Property Overview Right: Freehold Address: Hacchi, Karuizawa-machi, Kitasaku-gun, Karuizawa, Nagano, Japan. Access: About a 13-minute drive (approximately 7.5 km) from Karuizawa Station on the JR Hokuriku Shinkansen Structure: Wood structured,2-stories above ground. Zoning: Category Ⅰ exclusively low-rise residential zone. Land Area/Private road contribution: 5353.98 sqm./-sqm. Living Area: 427.53 sqm. Year built: December 2025. BCR/FAR: 20/20% Current Status: Occupied. Delivery Date: Consultation. Mode of Transaction: Brokerage. Last update date: https://list-sir.jp/lp/date License Number: Minister of Land, Infrastructure, Transport and Tourism (3) No. 8544 [Member of] Real Estate Companies Association of Japan (FRK) / National Housing Industry Association

Property Overview Right: Freehold Address: Hokujo, Hakuba, Kitaadumi, Nagano,Japan Access: 11 min-walk from "Hakuba" station on JR Oito Line. Structure: Wood structured,2-stories above ground with 1 below. Zoning: No designation. Land Area/Private road contribution: 652.81 sqm./-sqm. Living Area: 132.16 sqm. Year built: October 2024. BCR/FAR: 60/200% Current Status: Occupied. Delivery Date: Consultation. Mode of Transaction: Brokerage. Last update date: https://list-sir.jp/lp/date [Member of] Real Estate Companies Association of Japan (FRK) / National Housing Industry Association

■A well-proportioned, open-feeling lot located in the Kitashiro area ■The lot’s regular shape makes it easy to plan a building layout, which is one of its key attractions ■Surrounded by the majestic mountains unique to Hakuba, you can enjoy beautiful scenery throughout the four seasons ■Combining easy access to the station with a rich natural environment, this lot is recommended for a wide range of uses, such as vacation homes or second homes PROPERTY OVERVIEW ■Location: Oaza Kitashiro, Hakuba Village, Kitaazumi District, Nagano Prefecture ■Transportation: 15-minute walk from “Hakuba” Station on the JR Oito Line ■Land Classification: Residential ■Zoning: None designated ■Urban Planning: Non-designated area ■Land Rights: Freehold ■Land Area: Registered area: 409.41 m² (approx. 123.84 tsubo) ■Road Frontage: Public road on the west side, approx. 6.0 m wide ■Private Road Obligations: None ■Other Ordinances: Landscape Act, Special Regulation Zone for Outdoor Advertisements, etc. ■Building Coverage Ratio/Floor Area Ratio: 60%/200% ■Current Condition: Vacant lot ■Delivery: Negotiable ■Utilities: Public water supply, Chubu Electric Power, propane gas, public sewer system ■Building Conditions: None ■Remarks: In the event of any discrepancy between the drawings and the actual site conditions, the actual site conditions shall take precedence. *This information is current as of September 8, 2026. ■ Mode of Transaction: Brokerage. ■ Last update date: https://list-sir.jp/lp/date License Number: Minister of Land, Infrastructure, Transport and Tourism (3) No. 8544 [Member of] Real Estate Companies Association of Japan (FRK) / National Housing Industry Association

A secluded villa site enveloped in tranquility and greenery ◎A location where you can experience the natural beauty of the four seasons up close ◎Excellent access to central Karuizawa, including Old Karuizawa Ginza Street, enjoying great convenience ◎Located on high ground with superb views PROPERTY OVERVIEW ■Location: Karuizawa, Karuizawa-machi, Kita-Saku District, Nagano Prefecture ■Transportation: Approximately 3.1 km (about 10 minutes by car) from JR Hokuriku Shinkansen “Karuizawa” Station ■Land Classification: Residential land / Forest land ■Land Rights: Freehold ■Land Area: Measured: 3,006.26 m² (approx. 909.39 tsubo) ■Road: Private road width approx. 5m on west, south, and north sides (Land classification: Public road, Owner: Yoshigasawa Villa Site Management Association) ■Private road burden: None ■Zoning: Low-Rise Residential District Type 1 ■Urban Planning Area: Non-designated area ■Building Coverage Ratio/Floor Area Ratio: 20%/20% ■Other Legal Restrictions: Karuizawa Town Natural Conservation Measures Outline, Nagano Prefecture Landscape Ordinance, Forestry Act, Karuizawa Yoshigawa Villa Area Management Association Bylaws (Management fees, reserve funds, water usage fees apply) ■Building Conditions: None ■Current Status: Vacant lot ■Delivery: Negotiable ■Remarks: Private water supply pipe (Management Association), Septic tank ■Mode of Transaction: Brokerage. ■Last update date: https://list-sir.jp/lp/date License Number: Minister of Land, Infrastructure, Transport and Tourism (3) No. 8544 [Member of] Real Estate Companies Association of Japan (FRK) / National Housing Industry Association

■ Located in the Minami Karuizawa area with convenient access from the Usui-Karuizawa IC ■ Surrounded by several golf courses, allowing residents to enjoy the natural beauty that Karuizawa is known for ■ Approximately 9 minutes by car (about 6 km) to Tsuruya Karuizawa Store ■ Thoughtfully designed to provide privacy for both owners and guests ■ Fully equipped with underfloor heating throughout the property, including wet areas ■ Two bathrooms and three toilets ■ The sale price includes all furniture and curtains ■ Annual maintenance fee: JPY 448,237 payable to Lake New Town Co., Ltd. (for villa properties) ■ The cost of the building title registration will be borne by the buyer Property Overview Right: Freehold Address: Hachimanhata, Oaza Hotchi, Karuizawa-machi, Kitasaku-gun, Nagano, Japan. Access: Approximately 10 minutes by car (about 7.4 km) from Karuizawa Station on the Shinano Railway Line. Structure: Wooden single-story residence. Zoning: No Zoning Designation. Land Area/Private road contribution: 1926.00 sqm./98.57 sqm. Living Area: 340.18 sqm. Year built: May 2026. BCR/FAR: 20/20% Current Status: Vacant. Delivery Date: Consultation. Mode of Transaction: Brokerage. Last update date: https://list-sir.jp/lp/date License Number: Minister of Land, Infrastructure, Transport and Tourism (3) No. 8544 [Member of] Real Estate Companies Association of Japan (FRK) / National Housing Industry Association

・An open and spacious site offering distant views of the majestic Mount Hanareyama ・A relatively flat plot with minimal elevation differences ・An open, refreshing environment where you can enjoy the crisp breeze of Karuizawa ・Conveniently located near Yukawa Furusato Park, ideal for leisurely walks ・A layout that can be thoughtfully customized, including a spacious garden, ample parking area, and garage Property Overview Right: Freehold Address: Oaza Nagakura, Aza Nakanosawa, Karuizawa-machi, Kitasaku-gun, Nagano, Japan. Access: Shinano Railway Line “Naka-Karuizawa” Station – approx. 4 minutes by car (approx. 1.1 km). Land Area/Private road contribution: 1305.51 sqm./ - sqm. BCR/FAR: 20/20% Zoning: Category Ⅰ exclusively low-rise residential zone.. Land Category: Wasteland / Forestland. Current Status: Vacant lot. Delivery Date: Consultation. Mode of Transaction: Brokerage. Last update date: https://list-sir.jp/lp/date License Number: Minister of Land, Infrastructure, Transport and Tourism (3) No. 8544 [Member of] Real Estate Companies Association of Japan (FRK) / National Housing Industry Association

■Surrounded by the deep greenery and warm ambiance of Oiwake A log home nestled in a forest spanning approximately 301 tsubo ■A living room with a soaring, open-concept design, enhanced by the warmth of wood and a wood-burning stove ■A spacious, airy layout unique to log homes, created by the sloped ceiling and balcony ■An open terrace leading into the forest, where you can enjoy the dappled sunlight and lush greenery up close • Exterior Refresh (April 2024): Premium 3-coat paint application on exterior walls, roof, terrace, and balcony. • Heating System Upgrade (June 2024): Fully renewed kerosene-powered hydronic (hot water) heating system. • Septic Tank (November 2022): Upgraded to a brand new combined septic tank (Johkasou). • Routine Maintenance: The septic tank and wood-stove chimney are regularly serviced and managed. • 3-coat paint application / 3-coat paint finish • Kerosene-powered hydronic heating system • Combined septic tank PROPERTY OVERVIEW ■Location: Uehara, Oaza Oiwake, Karuizawa-machi, Kitasaku District, Nagano Prefecture ■Access: Approximately 24 minutes by car from Shinano Railway’s “Karuizawa” Station (approx. 11.1 km) ■Land Title: Freehold ■Land Area: 996.86 m² (approx. 301.55 tsubo) ■ Road: Private road on the southwest side, 4.5 m wide ■ Private Road Maintenance Obligation: None ■ Land Classification: Residential land and wilderness ■ Zoning District: Type 1 Low-Rise Residential District ■ Urban Planning Area: Non-designated area ■ Building Coverage Ratio/Floor Area Ratio: 20%/20% ■Other Legal Restrictions: Landscape Ordinance, Karuizawa Nature Conservation Guidelines, Article 22 of the Building Standards Act Zone, etc. ■Building Area: 192.45 m² (approx. 58.21 tsubo) ■Floor Plan: 3LDK + Loft + Balcony + Terrace + Basement (22.8㎡) ■Structure: Wood-frame, 2-story building with 1 basement level, roofed with galvanized steel sheets ■Date Built: October 2007 ■Parking: Available ■Current Status: Move-in ready ■Closing: Negotiable ■Utilities: Chubu Electric Power, Municipal Water Supply, Septic Tank, City Gas, EV charging available ■Note: In the event of any discrepancy between the drawings and the actual condition, the actual condition shall take precedence. ■Mode of Transaction: Brokerage. ■Last update date: https://list-sir.jp/lp/date License Number: Minister of Land, Infrastructure, Transport and Tourism (3) No. 8544 [Member of] Real Estate Companies Association of Japan (FRK) / National Housing Industry Association

・Within walking distance of Old Karuizawa Ginza—a location where you can enjoy the charms of Karuizawa up close ・A private residence nestled on a lush, green lot of approximately 281 tsubo (931 m²) ・A “Honka” residence brimming with the essence of Karuizawa, featuring the warmth of wood and a stately presence ・A living space filled with warmth, enhanced by the open feel of the double-height ceiling and a wood-burning stove ・A lifestyle where you can experience the changing seasons up close on a wooden terrace overlooking lush trees ▽ Renovation History (Completed in October 2024) Roof and exterior wall painting; deck railing replacement ▽ Planned Renovations (Scheduled for completion in late December 2026) Replacement of the unit bath and bathroom heater; replacement of the vanity unit; replacement of two bidet-equipped toilet seats; replacement of the water heater and underfloor heating boilers; replacement of the living-dining-kitchen air conditioner; replacement of all indoor lighting fixtures; and more Property Overview Type of Title: Freehold Address: Oaza Karuizawa, Karuizawa-machi, Kitasaku-gun, Nagano Prefecture Access: Approximately 10 minutes by car (approx. 2.4 km) from “Karuizawa Station” on the Hokuriku Shinkansen Structure and Number of Stories: Two-story wooden structure with galvanized steel sheet roofing Zoning: Type 1 Low-Rise Residential District Road Access: Private road on the northwest side, approximately 4 m wide Land Area: 931 m² (281.62 tsubo) Private Road Burden: Yes—one-fourth share of 52 m² Legal Restrictions: Height restriction (10 m), Road setback (5 m), Adjacent property setback (3 m), Fire prevention (Article 22 zone), Land development regulation zone, Nagano Prefecture Landscape Ordinance and Karuizawa Town Nature Conservation Ordinance, etc. Building Area: 112.00 m² (33.87 tsubo) Construction Date: January 2013 Building Coverage Ratio/Floor Area Ratio: 20%/20% Current Status: Vacant Closing: Negotiable Utilities: Electricity (Chubu Electric Power), Gas (None), Water (Public Water Supply), Sewage (Private Septic Tank), Hot Water (Kerosene) Note: In the event of any discrepancy between this listing and the actual condition of the property, the actual condition shall take precedence. Transaction Type: Brokerage Agents: Mori, Ogawa Last Updated: https://list-sir.jp/lp/date License Number: Minister of Land, Infrastructure, Transport and Tourism (3) No. 8544 [Member of] Real Estate Companies Association of Japan (FRK) / National Housing Industry Association

■ The lush and peaceful Minamihara area—a popular choice for both permanent residences and vacation homes ■ Your ideal Karuizawa home, designed on a spacious lot of approximately 301 tsubo ■ A flat route from Karuizawa Station. A location that combines convenience with a peaceful living environment ■ Build a home with a high degree of flexibility using your preferred contractor or homebuilder Property Information ■ Location: Nagakura, Karuizawa-machi, Kitasaku District, Nagano Prefecture ■ Access: Approximately 6 minutes by car from “Karuizawa” Station on the Hokuriku Shinkansen ■ Land Classification: Residential land and forest ■ Land Rights: Freehold ■ Land Area: 995.52 m² (approx. 301.14 tsubo) as recorded in official records ■ Roads: Private road—approx. 4.85 m wide on the north side, approx. 3.1 m wide on the east side ■ Private Road Maintenance Obligations: None ■Zoning: Type 1 Low-Rise Residential District ■Urban Planning Area: Non-designated area ■Other Ordinances: Landscape Act, Natural Parks Act, Forest Act, etc. ■Topography: Flat land ■Building Coverage Ratio/Floor Area Ratio: 20%/20% ■Building Area: 174.06 m² (approx. 52.65 tsubo) ■Structure: 3-story wooden structure with galvanized steel sheet roofing ■Date Built: July 1963 ■Current Condition: Includes an existing house (no demolition planned) ■Closing: Negotiable ■Utilities: Chubu Electric Power, private water supply, combined septic tank, individual propane gas ■Remarks: In the event of any discrepancy between the drawings and the actual condition, the actual condition shall take precedence. ■ Mode of Transaction: Brokerage. ■ Last update date: https://list-sir.jp/lp/date License Number: Minister of Land, Infrastructure, Transport and Tourism (3) No. 8544 [Member of] Real Estate Companies Association of Japan (FRK) / National Housing Industry Association

・A Newly Built One-Story Home in Nanbara, Where Forests and Golf Become Part of Everyday Life ・Built in 2023, this comfortable single-story home features whole-house air conditioning ・Conveniently located with easy access to the prestigious Karuizawa Golf Club ・Ideally situated approximately 7 minutes by car from Karuizawa Station ・A sophisticated 2LDK overlooking lush greenery throughout the seasons Property Overview Right: Freehold Address: Nagakura, Minamihara, Karuizawa-machi, Kitasaku-gun, Nagano, Japan. Access: Approx. 7 minutes by car (approx. 3.7 km) from Karuizawa Station on the JR Hokuriku Shinkansen Line. Structure: Wood single-story house. Zoning: Category Ⅰ exclusively low-rise residential zone. Land Area/Private road contribution: 402.00 sqm./-sqm. Living Area: 67.07 sqm. Year built: November 2023. BCR/FAR: 20/20% Current Status: Occupied. Delivery Date: Consultation. Mode of Transaction: Brokerage. Last update date: https://list-sir.jp/lp/date License Number: Minister of Land, Infrastructure, Transport and Tourism (3) No. 8544 [Member of] Real Estate Companies Association of Japan (FRK) / National Housing Industry Association

■A renovation project by Sumitomo Forestry The kitchen, bathroom, and shower area were renovated in 2023 ■A pre-owned single-family home nestled within the “Honors Hill” development, where you can enjoy the abundant nature characteristic of Karuizawa ■This area is popular for both vacation homes and permanent residences. ■Featuring a sunroof, there are spaces where you can feel the warmth of the sun while indoors. ■Offers a sense of privacy, shielded from the view of neighbors. ■The Honors Hill grounds feature a wide range of amenities. 〈List of Amenities〉 Panoramic hot spring, guest rooms, tennis courts, dog park, golf driving range, and more PROPERTY OVERVIEW ■Location: Oaza Shigezawa, Karuizawa-machi, Kitasaku-gun, Nagano Prefecture ■Access: 26-minute drive from JR Hokuriku Shinkansen “Karuizawa” Station (approx. 13.3 km) 17-minute drive from Shinano Railway “Naka-Karuizawa” Station (approx. 9.3 km) ■Land Rights: Freehold ■Land Area: Registered 4,542.46 m² (approx. 1,374.09 tsubo) ■Private Road Obligations: None ■Road: Private road on the southwest side, approx. 6.0 m wide ■Land Classification: Residential ■Zoning: Undesignated Area ■Urban Planning: Non-designated Area ■Other Legal Restrictions: Subject to restrictions under Article 22 of the Building Standards Act and the Karuizawa Town Nature Conservation Guidelines, etc. ■Building Coverage Ratio/Floor Area Ratio: 20%/20% ■Building Area: 223.19 m² (approx. 67.51 tsubo) ■Structure: 2-story wooden structure with galvanized steel sheet roofing ■Date Built: August 2005 ■Parking: Available (includes garage) ■Current Status: Occupied ■Closing: Negotiable ■Utilities: Private water supply, Chubu Electric Power, individual propane gas, individual septic tank ■Remarks: In the event of any discrepancy between the drawings and the actual condition, the actual condition shall take precedence. ■Exemption from Liability for Non-Conformity ■Mode of Transaction: Brokerage. ■Last update date: https://list-sir.jp/lp/date

■ A custom-designed home by PicoGram Architects ■ A space surrounded by greenery where you can experience the changing seasons ■ Furniture consultation available / Outdoor brand furniture installed on the balcony ■ A spacious living room with a sense of openness created by a double-height ceiling of approximately 8 meters ■ An open-concept kitchen design that offers a panoramic view of the entire living room Notes Residential area: 254.11 m² (approx. 76.86 tsubo) Spa wing area: 49.59 m² (approx. 15 tsubo) A spa wing has been added separately from the main residence. (July 2025: Expansion to include a gym, bath, and sauna) While handover is scheduled for July 2027 or later, we are open to discussion. PROPERTY OVERVIEW ■Location: Oiwake, Karuizawa-machi, Kitasaku District, Nagano Prefecture ■Transportation: Shinano Railway, Hokuriku Shinkansen Approx. 19-minute drive from “Karuizawa” Station (approx. 11.6 km) ■Land Title: Freehold ■Land Area: 4,170.5 m² (approx. 1,261.57 tsubo) ■Private Road Maintenance Obligation: None ■Land Classification: Residential ■Road Frontage: North side—public road width approx. 5 m, frontage approx. 79.8 m ■Zoning: Type 1 Low-Rise Residential Zone ■Urban Planning: Non-designated area ■Other Legal Restrictions: Area subject to Article 22 of the Building Standards Act, Guidelines for Nature Conservation Measures, etc. ■Building Coverage Ratio/Floor Area Ratio: 30(20)%/50(20)% ■Building Area: [Residential Section] 254.11 m² (approx. 76.86 tsubo) [Spa Wing] 49.59 m² (approx. 15 tsubo) ■Floor Plan: 4LDK ■Structure: Two-story wooden frame with galvanized steel sheet roofing ■Date Built: July 2022 ■ Parking: Available ■ Current Status: Currently used as a vacation home ■ Closing: Desired for July 2027 or later (negotiable) ■ Utilities: Municipal water supply, Chubu Electric Power, septic tank, kerosene heating ■ Notes: In the event of discrepancies between the drawings and the actual condition, the actual condition shall take precedence. *This information is current as of June 8, 2026. ■Mode of Transaction: Brokerage. ■Last update date: https://list-sir.jp/lp/date

■Located on a quiet cul-de-sac with no through traffic and no power lines to mar the view. ■High thermal insulation performance is achieved through breathable wood-fiber insulation and European-made triple-pane windows. Even on winter nights, a comfortable indoor temperature can be maintained with minimal heating. ■High-end European appliances: a Miele dishwasher, an AEG oven, and a HETA wood-burning stove featuring a large glass front and soapstone cladding to extend heat retention and release times. PROPERTY OVERVIEW ■Location: Oaza Hatsuchi, Karuizawa-machi, Kitasaku District, Nagano Prefecture ■Access: Approximately 12 minutes by car (approx. 6.9 km) from “Karuizawa” Station on the Hokuriku Shinkansen and Shinano Railway ■Land Title: Freehold ■Land Area: 1,124.44 m² (approx. 340.14 tsubo) *Includes a 59.15 m² setback area ■ Roads: Private road on the southeast side, width approx. 7.5 m, frontage approx. 5.9 m; public road on the south side, width approx. 1.8 m, frontage approx. 25.7 m ■ Private Road Maintenance Obligations: None ■ Land Classification: Residential land ■ Zoning: Type 1 Low-Rise Residential Zone ■ Urban Planning Area: Non-designated area ■Building Coverage Ratio/Floor Area Ratio: 20%/20% ■Other Legal Restrictions: Area subject to Article 22 of the Building Standards Act; regulations under Karuizawa Town’s Nature Conservation Guidelines; shadow regulations, etc. ■Building Area: 180.53 m² (approx. 54.61 tsubo) ■Floor Plan: 2LDK + 2 study rooms ■Structure: 2-story wooden frame with galvanized steel sheet roofing ■Construction Date: July 2021 ■Parking: Available ■Current Status: Occupied ■Closing: Negotiable ■Amenities: All-electric (Chubu Electric Power), septic tank; tap water supplied from Karuizawa Lake Resort’s proprietary water purification facility ■Note: In the event of any discrepancy between the floor plans and the actual condition of the property, the actual condition shall take precedence. ■Mode of Transaction: Brokerage. ■Last update date: https://list-sir.jp/lp/date

■A roughly 10-meter-high atrium and a striking gabled roof that soars toward the sky. This space allows you to enjoy the greenery of Karuizawa, which stretches across the entire window, as if it were an extension of the residence itself. ■A high-quality, highly private floor plan featuring separate bathrooms in all three bedrooms, designed with the privacy of family members and guests in mind. ■Located on Yagazaki-dori in Old Karuizawa, within walking distance of Old Karuizawa Ginza-dori. This location allows you to enjoy the tranquil atmosphere unique to a vacation home while being close to Karuizawa’s iconic streetscape. PROPERTY OVERVIEW ■Location: Karuizawa, Karuizawa-machi, Kitasaku District, Nagano Prefecture ■Access: Approximately 18-minute walk from “Karuizawa” Station on the JR Hokuriku Shinkansen and Shinano Railway lines ■Land Rights: Freehold ■Land Area: 1,162.79 m² (approx. 351.74 tsubo) as recorded in official records ■Land Classification: Residential ■Zoning: Type 1 Low-Rise Residential Zone ■Urban Planning Zone: Non-designated area ■Road: Public road on the northeast side, approximately 6.2 m wide ■Private Road Obligations: None ■Building Coverage Ratio/Floor Area Ratio: 20%/20% ■Other Legal Restrictions: Nagano Prefecture Landscape Ordinance, Nature Conservation Measures Guidelines, Nagano Prefecture Natural Environment Conservation Regulations, Karuizawa Town Basic Town Planning Ordinance, Karuizawa Town Landscape Development Standards Guidelines ■Building Area: 299.88 m² (approx. 90.71 tsubo) ■Structure: Two-story wooden structure ■Construction Date: July 2026 ■Current Status: Vacant ■Delivery: Negotiable ■Utilities: Public water supply, private septic tank, Chubu Electric Power, private propane gas *In the event of any discrepancy between the drawings and the actual condition, the actual condition shall take precedence. ■Mode of Transaction: Brokerage. ■Last update date: https://list-sir.jp/lp/date

This residence was designed by Kengo Kuma & Associates, led by world-renowned architect Kengo Kuma. Management by “Hoshino Resorts Villa Service” ensures a truly luxurious villa experience. “Inspired by the flight of wild birds, the ‘cluster of roofs’ soars through the forest like birds. Beneath these bird-like wings lies a living space that doubles as a museum adorned with art.” PROPERTY OVERVIEW ■Location: Nagakura, Karuizawa Town, Kitasaku District, Nagano Prefecture ■Access: Approx. 13-minute drive (approx. 6.5 km) from “Karuizawa” Station on the JR Hokuriku Shinkansen Approx. 5-minute drive (approx. 2.5 km) from “Naka-Karuizawa” Station on the Shinano Railway Line ■Land Title: Freehold ■Land Area: Registered area: 2,464.75 m² (approx. 745.58 tsubo) ■Private Road Obligations: None (Setback required: approx. 45.6 m²) ■Land Classification: Residential land ■Road Frontage: Private road on the east side, width approx. 3.8 m, frontage approx. 53.6 m Private road on the north side, width approx. 1.8 m, frontage approx. 40.2 m ■Zoning District: Type 1 Low-Rise Residential District ■Urban Planning: Non-designated area ■Other Restrictions: Karuizawa Town Nature Conservation Ordinance, etc. ■Building Coverage Ratio/Floor Area Ratio: 20/20% ■Building Area: 240.14 m² (approx. 72.64 tsubo) ■Structure: Reinforced concrete and steel-frame construction with galvanized steel sheet roofing; 2-story above ground ■Ancillary Buildings: ① Single-story steel-frame building: 51.86 m² ② Single-story steel-frame structure, 48.28 m² ③ Single-story steel-frame structure, 58.93 m² ■ Date of Construction: December 2016 ■ Design: Kengo Kuma & Associates ■ Construction: Sasazawa Construction Co., Ltd. / Sato Landscaping Co., Ltd. ■ Management: Hoshino Resorts Co., Ltd. Villa Services ■ Parking: Available ■Current Status: The vacation home is currently in use ■Closing: Negotiable ■Notes: In the event of any discrepancies between the drawings and the actual condition, the actual condition shall take precedence. *Artworks, furniture, and fixtures within the property are included. *Utilities: Private water supply, individual septic tank, individual propane gas, Chubu Electric Power Co., Inc. *Located within Hoshino Resorts-managed grounds (management contract required) ■Mode of Transaction: Brokerage. ■Last update date: https://list-sir.jp/lp/date

■A distinguished estate of refined hospitality, nestled beyond a path leading into the forest ■A garden spanning approximately 622 tsubo (approx. 2,057 sqm), designed to be enjoyed throughout the seasons, featuring natural turf, moss phlox, diverse plantings, a gently flowing stream, and a private dog run, creating a serene atmosphere in harmony with nature ■A forest retreat nestled along the 1,000-meter Forest Road ■A distinguished guest estate designed to preserve the privacy and quality of time for both owners and guests Featuring two separate entrances, a guest floor with a professional-grade kitchen, an open-air bath, and a Jacuzzi, every detail has been thoughtfully designed to create an exceptional living environment ■In addition to its convenient location offering access while avoiding traffic congestion, the property provides an exquisite retreat surrounded by nature, where you can enjoy refined moments at your private vacation home ■Walls and a dining table crafted by lacquer artisans from Tamba-Sasayama ※ 5LLDDKK + Jacuzzi + Open-Air Bath Property Overview Right: Freehold Address: Oaza Nagakura, Karuizawa-machi, Kitasaku-gun, Nagano, Japan. Access: Approx. 15 min by car from "Karuizawa" station on JR Hokuriku Shinkansen Line. (approx. 7.9 km) Structure: Steel structure,2-stories above ground. Zoning: Category Ⅰ exclusively low-rise residential zone. Land Area/Private road contribution: 2056.51 sqm./-sqm. Living Area: 383.86 sqm. Year built: March 2022. BCR/FAR: 20/20% Current Status: Occupied. Delivery Date: Consultation. Mode of Transaction: Brokerage. Last update date: https://list-sir.jp/lp/date License Number: Minister of Land, Infrastructure, Transport and Tourism (3) No. 8544 [Member of] Real Estate Companies Association of Japan (FRK) / National Housing Industry Association

■All units are corner units with mountain views overlooking the vast natural beauty of the Northern Alps ■Enjoy world-renowned powder snow and the changing seasons ■One of Japan’s premier mountain resorts, bustling year-round ■A wide variety of activities, including hiking, trekking, and mountain biking ■Direct access to ski lockers; rental shop adjacent ■Close to Echo Land, home to a variety of restaurants and shops [Owner’s Locker] Lockable private storage provided inside each unit [Hotel Condominium Features] ① Priority booking for owners ② Revenue generation through hotel management when the unit is not in use ③ Ownership without the hassle of management Property Information ■Address: 3020-1116 Kitashiro, Hakuba Village, Kitaazumi District, Nagano Prefecture ■Access: Approximately 70 minutes by car (approx. 42.5 km) from “Nagano” Station on the JR Hokuriku Shinkansen ■Title: Freehold ■Structure: 5-story building with reinforced concrete and partial steel frame construction ■Floor: 3rd floor ■Exclusive Area: 53.96 m² ■ Owner’s Locker Area: 0.64 m² ■ Balcony Area: 10.07 m² ■ Construction Date: October 2024 ■ Total Number of Units: 38 ■ Developer: List Development Co., Ltd. ■ Architect: Archivision Hiroya Studio Co., Ltd. ■ Management Company: Ongo Chishin Co., Ltd. ■Management Company: Ginjisha Planning Institute Co., Ltd. ■Management Structure: Full-service management / Daytime staff ■Management Fee: 33,400 yen/month ■Repair Reserve Fund: 5,400 yen/month ■Hotel Operation Management Fee: 13,700 yen/month ■Current Status: Currently operating as a hotel ■Delivery: Negotiable ■In the event of any discrepancies between the floor plans and the actual condition, the actual condition shall take precedence. ■Mode of Transaction: Brokerage. ■Last update date: https://list-sir.jp/lp/date

Located along Yagasaki Street in Old Karuizawa ■Approximately 10-meter ceilings and an impressive gabled roof create an exterior that draws you in and an interior space with captivating design. ■Exceptional exterior design that maximizes structural features ■Within walking distance of Old Karuizawa's Ginza Street PROPERTY OVERVIEW ■Location: Karuizawa, Karuizawa-machi, Kitasaku-gun, Nagano Prefecture ■Access: Approx. 18-min walk from JR Hokuriku Shinkansen/Shinano Railway Line “Karuizawa” Station ■Land Rights: Freehold ■Land Area: Official registry 1,162.79㎡ (approx. 351.74 tsubo) ■Land Classification: Residential ■Zoning District: Low-Rise Residential District Type 1 ■Urban Planning Area: Non-designated ■Road: Public road on northeast side, width approx. 6.2m ■Private Road Burden: None ■Building Coverage Ratio/Floor Area Ratio: 20%/20% ■Other Legal Restrictions: Nagano Prefecture Landscape Ordinance, Nature Conservation Measures Outline, Nagano Prefecture Natural Environment Conservation Ordinance, Karuizawa Town Basic Town Development Ordinance, Karuizawa Town Landscape Development Standards Guidelines ■Building Area: (Planned) 299.88㎡ (approx. 90.71 tsubo) ■Structure: 2-story wooden construction ■Construction date: Scheduled completion June 2026 ■Building confirmation number: 6-Saken No. 601-067 (dated August 3, 2024) ■Current status: Under construction ■Delivery: Scheduled July 2026 ■Utilities: Public water supply, individual septic tank, Chubu Electric Power, individual propane gas *Image is for illustrative purposes only and may differ slightly from the actual property. ■Mode of Transaction: Brokerage. ■Last update date: https://list-sir.jp/lp/date

・Vacation home community with 24-hour staffed management; no building restrictions ・Approximately a 5-minute drive to Harunire Terrace and Tonbo no Yu ・A location where you can enjoy both the convenience and natural tranquility characteristic of Karuizawa *Please note that there are elevation changes within the property. PROPERTY OVERVIEW ■Location: Tsurutame, Oaza Nagakura, Karuizawa-machi, Kitasaku District, Nagano Prefecture ■Access: Approximately 14 minutes by car (approx. 6.0 km) from “Karuizawa” Station on the Shinano Railway and Hokuriku Shinkansen ■Land Classification: Wilderness ■Zoning: Type 1 Low-Rise Residential Zone ■Urban Planning: Non-designated area ■Land Rights: Ownership ■Land Area: Registered 1,639.00 m² (approx. 495.79 tsubo) ■Road Frontage: Private road on the west side, approx. 5.5 m wide ■Private Road Maintenance Obligation: None ■Other Restrictions: Karuizawa Town Urban Planning Area, Article 22 of the Building Standards Act Area, Karu izawa Town Nature Conservation Guidelines, etc. ■Building Coverage Ratio/Floor Area Ratio: 20%/20% ■Building Conditions: None ■Current Status: Vacant lot ■Closing: Negotiable ■Utilities: Private water supply, Chubu Electric Power, propane gas, septic tank ■Building Conditions: Applicable ■Remarks: In the event of any discrepancy between the drawings and the actual site conditions, the actual site conditions shall take precedence. ■Mode of Transaction: Brokerage. ■Last update date: https://list-sir.jp/lp/date

Located about 40 meters from Echo Land, this approximately 400-square-meter lot is enveloped in tranquility despite being close to the bustling action. This plot has the potential to accommodate a wide range of concepts, from residences to lodging facilities and commercial spaces. Hakuba Echo Land is home to a collection of restaurants and cafes that attract visitors from both Japan and abroad. Approximately 3 hours by car from Tokyo Station via the Hokuriku Shinkansen. Convenient access that seamlessly connects the city center with the resort. The Hakuba Valley boasts some of the world’s finest powder snow. Enjoy easy access to a variety of ski resorts, including Happo-one, Hakuba 47, Hakuba Goryu, and Hakuba Iwatake. PROPERTY OVERVIEW ■Location: Shinden, Kitajo, Oaza, Hakuba Village, Kitaazumi District, Nagano Prefecture ■Access: Approximately 6 minutes by car (approx. 2.5 km) from “Hakuba” Station on the JR Oito Line ■Land Rights: Freehold ■Land Area: 400.00 m² (approx. 121 tsubo) ■Road: Public road on the east side, width approx. 4.8 m, frontage approx. 16.3 m ■Private Road Obligations: None ■Land Classification: Wilderness ■Zoning: None designated ■Urban Planning Area: Non-designated area ■Building Coverage Ratio/Floor Area Ratio: 60%/200% ■Other Legal Restrictions: Landscape Preservation Act, etc. ■Building Conditions: None ■Current Condition: Vacant lot ■Delivery: Negotiable ■Utilities: Electricity available, propane gas, public sewer; no water service connection ■Remarks: In the event of any discrepancy between the drawings and the actual site conditions, the actual site conditions shall take precedence. ■Mode of Transaction: Brokerage. ■Last update date: https://list-sir.jp/lp/date

・A Class 1 architectural firm nestled in a quiet, lush green setting rich in nature A newly built residence designed and constructed by M’s Architects ・Located just past Ginza Street, in a private setting where no other buildings come into view ・Well-equipped vacation home featuring a sauna and sauna terrace ・The spacious building, spanning over 380 square meters, features a shower room in every room. ・The living-dining-kitchen area, spanning over 50 tatami mats, and the large wooden deck offer views of a small stream. PROPERTY OVERVIEW ■Location: Karuizawa Town, Kitasaku District, Nagano Prefecture 5-13 Oaza Karuizawa Seisawa, Part of 43-3 and 43-4 Oaza Karuizawa Karasawa ■Access: Approximately 3.4 km by car from “Karuizawa” Station on the JR Hokuriku Shinkansen ■Land Title: Freehold ■Land Area: Registered: 3,338.57 m² (approx. 1,009.91 tsubo) ■Private Road Maintenance Obligation: None ■Land Classification: Forest ■Road Frontage: North side public road, width approx. 4.1 m, frontage approx. 54 m ■Zoning: Type 1 Low-Rise Residential District ■Urban Planning: Non-designated area ■Building Coverage Ratio/Floor Area Ratio: 20/20% ■Building Permit No.: No. ■Building Area: 340.13 m² (approx. 102.88 tsubo) *Includes garage area of 28.50 m² ■Floor Plan: 4LDK + Balcony + Sauna + 4 Shower Rooms ■Structure: 2-story wooden structure ■Construction Date: May 2026 ■Parking: Available ■Current Status: Vacant ■Closing: Negotiable ■Notes: In the event of any discrepancy between the floor plans and the actual condition of the property, the actual condition shall take precedence. *The interior images shown for reference may differ from the actual exterior, landscaping, color scheme, etc. ■Mode of Transaction: Brokerage. ■Last update date: https://list-sir.jp/lp/date

・The warm, wood-accented LDK (living, dining, and kitchen) features a seamless open-plan layout, creating a bright and inviting living space. ・Expansive windows open onto a spacious wooden deck, allowing residents to fully appreciate the beauty of Karuizawa's changing seasons. ・The second floor is thoughtfully designed with a spacious primary bedroom and two additional generously sized bedrooms. ・Conceptualized as "a vacation home ready to enjoy from day one," the residence comes fully furnished with furniture, appliances, and curtains in every room, allowing you to begin your new lifestyle immediately. Property Overview Right: Freehold Address: Oji-shita, Oaza Nagakura, Karuizawa-machi, Kitasaku-gun, Nagano, Japan. Access: 17 min-walk from "Nakakaruizawa" station on Shinano Railway Line.(about 1,360 m ) Structure: Wood structured,2-stories above ground. Zoning: Category Ⅰ residential zone. Land Area/Private road contribution: 490.51 sqm./-sqm. Living Area: 191.12 sqm. Year built: May 2026. BCR/FAR: 60/200% Current Status: Vacant. Delivery Date: Consultation. Mode of Transaction: Brokerage. Last update date: https://list-sir.jp/lp/date License Number: Minister of Land, Infrastructure, Transport and Tourism (3) No. 8544 [Member of] Real Estate Companies Association of Japan (FRK) / National Housing Industry Association

・Located about a 10-minute drive from Karuizawa Station (with a free shuttle service), the property offers a highly convenient location with restaurants, shopping centers, convenience stores, and day-trip hot springs all within walking distance. Yet, because it is situated just one block off the main street in a quiet area, it provides an environment that combines convenience with tranquility. ・In Karuizawa—a popular summer retreat and winter snow destination—high occupancy rates can be expected throughout all four seasons. Sales Overview (Preliminary Advertisement) Number of Units for Sale: To be determined Sale Price: To be determined Floor Plans: Studio, 1-Bedroom, 2-Bedroom Exclusive Area: 70.97 m² to 161.83 m² Monthly Maintenance Fee: To be determined Monthly Repair Reserve Contribution: To be determined Repair Reserve Fund: To be determined Management Reserve Fund: To be determined Scheduled Sales Period: Late August 2026 *Please note that no applications for contracts or reservations will be accepted until the main advertisement is released and sales commence. Furthermore, no measures will be taken to secure application priority. *It has not yet been determined whether this property will be sold all at once or in multiple phases. The overview above displays information for the total number of guest rooms scheduled to be supplied (17 rooms). Undetermined details, such as the exact number of rooms for sale, will be specified in the main advertisement. *The sales schedule is subject to change in the future. Property Overview Name: Karuizawa Retreat muro Location: 3365-7 Otowa, Oaza Nagakura, Karuizawa-machi, Kitasaku-gun, Nagano Prefecture (Land Parcel Number) Access: 12-minute walk from “Naka-Karuizawa” Station on the Shinano Railway Line Zoning: Type 1 Residential Zone, Neighborhood Commercial Zone Building Permit Number: No. BVJ-TOK25-10-0453 (September 29, Reiwa 7) Site Area: 3,246.57 m² (registered area / area subject to sale), 3,251.77 m² (surveyed area), 3,176.38 m² (building permit application) Structure and Scale: Reinforced concrete wall construction with partial steel frame; 2 stories above ground Parking: 17 surface parking spaces (including 1 space for people with disabilities) Number of Guest Rooms: 17 Post-Sale Title Structure: Site: Joint ownership based on the proportion of exclusive use area Building: Condominium ownership Joint ownership based on the proportion of exclusive use area Scheduled Completion: Mid-October 2027 Scheduled Property Handover: Mid-November 2027 Seller: List Development Co., Ltd. Minister of Land, Infrastructure, Transport and Tourism (6) No. 6130 Member of the National Housing Industry Association (General Incorporated Association) Member of the Real Estate Fair Trade Council of the Kanto Region (Public Interest Incorporated Association) Address:List Kannai Bldg., 4-47 Onoecho, Naka-ku, Yokohama-shi, Kanagawa 231-0015, Japan TEL:+81-45-671-1144 Sales Agent: List International Realty Co., Ltd. Minister of Land, Infrastructure, Transport and Tourism (3) No. 8544 Member of the National Housing Industry Association (General Incorporated Association) Member of the Real Estate Fair Trade Council of the Kanto Region (Public Interest Incorporated Association) Address:10F Tokyu Toranomon Bldg., 1-21-19 Toranomon, Minato-ku, Tokyo 105-0001, Japan TEL:+81-3-6457-9490 Operating Company: Ongo Chishin Co., Ltd. Design and Supervision: Shirahama Makoto Architectural Design Office Co., Ltd. Construction: Moriya Shokai Co., Ltd. Management Company: Tokyu Community Co., Ltd. Management Structure: A homeowners’ association will be established by all unit owners and management will be entrusted to the management company Mode of Transaction: Brokerage. Last update date: https://list-sir.jp/lp/date