Overview of Ririi Kisarazu (リリー木更津)
Ririi Kisarazu (リリー木更津) is a 28-year-old condominium located at Kisarazu Shichuu Ou 3 Choume 6-1 (木更津市中央3丁目6-1), Chiba, Japan. Built in 1998, it comprises 75 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Mitsui Purekon , Yamaichi Kensetsu (三井プレコン、 山一建設).
Pricing & Floor Plans
Based on 35 past listings, prices have ranged from 980〜1,870万円 (approx. $65,333–$124,667 USD at ¥150/$).
Unit sizes range from 55.2–71.3 sqm (594–767 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1LDK (1-bedroom w/ living-dining-kitchen), 3DK (3-bedroom w/ dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥27.1万/sqm (approx. $1,807/sqm or $168/sqft).
Location & Neighborhood
The property is located at Kisarazu Shichuu Ou 3 Choume 6-1 (木更津市中央3丁目6-1), Chiba, Japan. It is a 7-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 28 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 75 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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