Overview of Nagareyama Nyuushiteisuteeji 2 1 (流山ニューシティステージ２１)
Nagareyama Nyuushiteisuteeji 2 1 (流山ニューシティステージ２１) is a 33-year-old condominium located at Nagareyama Shi Ka 1 Choume 6-1 , 12-1 (流山市加1丁目6-1、12-1), Chiba, Japan. Built in 1993, it comprises 55 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Toukyuukensetsu (東急建設).
Pricing & Floor Plans
Price range: 情報なし.
Estimated price per sqm: ¥27.7万/sqm (approx. $1,845/sqm or $171/sqft).
Location & Neighborhood
The property is located at Nagareyama Shi Ka 1 Choume 6-1 , 12-1 (流山市加1丁目6-1、12-1), Chiba, Japan. It is a 6-minute walk to the nearest station. This is considered good station access by Japanese standards.
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 33 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 55 units, this is a relatively large condominium. Larger buildings typically benefit from lower per-unit maintenance and repair reserve costs.
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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