Overview of Kyassuruhaitsu Furumi (キャッスルハイツ古見)
Kyassuruhaitsu Furumi (キャッスルハイツ古見) is a 23-year-old condominium located at Chitashi Shimushiru Kaji Hazama 70 (知多市新知梶廻間70), Aichi, Japan. Built in 2003, it comprises 18 units in a Reinforced Concrete (RC) structure. It was constructed by Ooi Kensetsu (大井建設).
Pricing & Floor Plans
Based on 2 past listings, prices have ranged from 1,790〜1,890万円 (approx. $119,333–$126,000 USD at ¥150/$).
Unit sizes range from 111.2–113.7 sqm (1197–1224 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen).
Location & Neighborhood
The property is located at Chitashi Shimushiru Kaji Hazama 70 (知多市新知梶廻間70), Aichi, 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 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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