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In Hokkaido resort town, condos have central Tokyo prices

Foreign buyers and tourism boom push up land prices across Japan

Niseko ski resort in the northern prefecture of Hokkaido attracts many visitors from overseas.

TOKYO -- A luxury condominium complex of the sort typically seen in central Tokyo is being built in Kutchan, on the northern island of Hokkaido. The complex will be completed in the fall. The condos, which go for more than 100 million yen ($937,000) apiece, have already found buyers.

"In addition to Australians, rich Asians from places like Hong Kong, are recent buyers," said  Shoichi Watanabe, head of global marketing at Tokyu Resort, the company handling sales of the condos.

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