Overview of Kookenboisu Chibachuuou (コーケンボイス千葉中央)
Kookenboisu Chibachuuou (コーケンボイス千葉中央) is a 36-year-old condominium located at Chibashi Chuuouku Chuuou 4 Choume 10-8 (千葉市中央区中央4丁目10-8), Chiba, Japan. Built in 1990, it comprises 52 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Sumikin Kouzai Kougyou , Kagata Kumi (住金鋼材工業、 加賀田組).
Pricing & Floor Plans
Based on 18 past listings, prices have ranged from 450〜1,500万円 (approx. $30,000–$100,000 USD at ¥150/$).
Unit sizes range from 23.9–44.8 sqm (257–482 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1LDK (1-bedroom w/ living-dining-kitchen), 1K (1-bedroom w/ kitchen), 1R (Studio), 1DK (1-bedroom w/ dining-kitchen).
Estimated price per sqm: ¥20.9万/sqm (approx. $1,397/sqm or $130/sqft).
Location & Neighborhood
The property is located at Chibashi Chuuouku Chuuou 4 Choume 10-8 (千葉市中央区中央4丁目10-8), Chiba, Japan. It is a 4-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 36 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 52 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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