Overview of Rupinasu Taitou Rejidensu (ルピナス台東レジデンス)
Rupinasu Taitou Rejidensu (ルピナス台東レジデンス) is a 23-year-old condominium located at Taitouku Taitou 2 Choume 32-10 (台東区台東2丁目32-10), Tokyo, Japan. Built in 2003, it comprises 30 units in a Reinforced Concrete (RC) structure. It was constructed by Surugakooporeeshon (スルガコーポレーション).
Pricing & Floor Plans
Based on 48 past listings, prices have ranged from 1,840〜6,490万円 (approx. $122,667–$432,667 USD at ¥150/$).
Unit sizes range from 25.2–66.6 sqm (271–717 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1SLDK (1-bedroom w/ living-dining-kitchen + service room), 2K (2-bedroom w/ kitchen), 1LDK (1-bedroom w/ living-dining-kitchen), 1K (1-bedroom w/ kitchen), 1DK (1-bedroom w/ dining-kitchen).
Estimated price per sqm: ¥122.7万/sqm (approx. $8,181/sqm or $760/sqft).
Location & Neighborhood
The property is located at Taitouku Taitou 2 Choume 32-10 (台東区台東2丁目32-10), Tokyo, Japan. It is a 5-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 23 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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