Overview of Ribatei Meieki (リバティ名駅)
Ribatei Meieki (リバティ名駅) is a 41-year-old condominium located at Nagoyashi Nishiku Meieki 2 Choume 15-22 (名古屋市西区名駅2丁目15-22), Aichi, Japan. Built in 1985, it comprises 30 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Touyou Kensetsu (東洋建設).
Pricing & Floor Plans
Price range: 情報なし.
Estimated price per sqm: ¥40.7万/sqm (approx. $2,715/sqm or $252/sqft).
Location & Neighborhood
The property is located at Nagoyashi Nishiku Meieki 2 Choume 15-22 (名古屋市西区名駅2丁目15-22), Aichi, Japan. It is a 6-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 41 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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