Overview of Verueeru Shino (ヴェルエール篠)
Verueeru Shino (ヴェルエール篠) is a 35-year-old condominium located at Oumihachiman Ichikawa Haramachi 2 Choume 832-3 (近江八幡市川原町2丁目832-3), Shiga, Japan. Built in 1991, it comprises 6 units in a Reinforced Concrete (RC) structure.
Pricing & Floor Plans
Based on 18 past listings, prices have ranged from 390〜880万円 (approx. $26,000–$58,667 USD at ¥150/$).
Unit sizes range from 58.4–62.4 sqm (629–672 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2LDK (2-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥13.2万/sqm (approx. $883/sqm or $82/sqft).
Location & Neighborhood
The property is located at Oumihachiman Ichikawa Haramachi 2 Choume 832-3 (近江八幡市川原町2丁目832-3), Shiga, Japan. It is a 13-minute walk to the nearest station. In Japan, station proximity significantly affects property values and daily convenience.
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 35 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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