Overview of Virunuubu Kawasaki Saiwaichou (ヴィルヌーブ川崎幸町)
Virunuubu Kawasaki Saiwaichou (ヴィルヌーブ川崎幸町) is a 27-year-old condominium located at Kawasakishisaiwaiku Saiwaichou 1 Choume 773-11 (川崎市幸区幸町1丁目773-11), Kanagawa, Japan. Built in 1999, it comprises 70 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Mitsuikensetsu (三井建設).
Pricing & Floor Plans
Based on 25 past listings, prices have ranged from 3,480〜8,980万円 (approx. $232,000–$598,667 USD at ¥150/$).
Unit sizes range from 56.2–80.6 sqm (605–868 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: ¥114.5万/sqm (approx. $7,637/sqm or $709/sqft).
Location & Neighborhood
The property is located at Kawasakishisaiwaiku Saiwaichou 1 Choume 773-11 (川崎市幸区幸町1丁目773-11), Kanagawa, 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 27 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 70 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.
Analyze this property's fair price and negotiation room for free at RE:public.