Overview of Verureeju Ooshima (ヴェルレージュ大島)
Verureeju Ooshima (ヴェルレージュ大島) is a 28-year-old condominium located at Koutouku Ooshima 5 Choume 12-17 (江東区大島5丁目12-17), Tokyo, Japan. Built in 1998, it comprises 45 units in a Reinforced Concrete (RC) structure. It was constructed by Kokune Kensetsu (古久根建設).
Pricing & Floor Plans
Based on 41 past listings, prices have ranged from 2,980〜6,680万円 (approx. $198,667–$445,333 USD at ¥150/$).
Unit sizes range from 65.5–78.7 sqm (705–847 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥90.0万/sqm (approx. $6,001/sqm or $558/sqft).
Location & Neighborhood
The property is located at Koutouku Ooshima 5 Choume 12-17 (江東区大島5丁目12-17), Tokyo, Japan. It is a 2-minute walk to the nearest station. This is considered excellent station access in Japan, where most daily errands are done on foot or by train.
Investment Perspective
Building depreciation: In Japan, buildings depreciate significantly over time. Wood-frame houses depreciate to near-zero value at around 22 years, while RC structures depreciate more slowly but still lose value. At 28 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Key cultural note: Unlike the US where properties typically appreciate over time, Japanese buildings depreciate while the underlying land tends to hold or gain value. This means buyers should evaluate the land-to-building value ratio carefully.
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