Overview of Kariya Kotobukichou Paakuhoomuzu (刈谷寿町パークホームズ)
Kariya Kotobukichou Paakuhoomuzu (刈谷寿町パークホームズ) is a 28-year-old condominium located at Kariyashi Kotobukichou 3 Choume 403 (刈谷市寿町3丁目403), Aichi, Japan. Built in 1998, it comprises 36 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Nishimatsu Kensetsu (西松建設).
Pricing & Floor Plans
Based on 17 past listings, prices have ranged from 1,680〜2,880万円 (approx. $112,000–$192,000 USD at ¥150/$).
Unit sizes range from 73.0–83.5 sqm (786–899 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 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: ¥31.1万/sqm (approx. $2,076/sqm or $193/sqft).
Location & Neighborhood
The property is located at Kariyashi Kotobukichou 3 Choume 403 (刈谷市寿町3丁目403), Aichi, 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 28 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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