Overview of Reinboo Shippou (レインボー七宝)
Reinboo Shippou (レインボー七宝) is a 38-year-old condominium located at Ama Shi Shippou Machi En Shima 165 (あま市七宝町遠島165), Aichi, Japan. Built in 1988, it comprises 82 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Matsumura Kumi (松村組).
Pricing & Floor Plans
Based on 36 past listings, prices have ranged from 480〜1,380万円 (approx. $32,000–$92,000 USD at ¥150/$).
Unit sizes range from 73.5–91.7 sqm (791–987 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 3SLDK (3-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥10.2万/sqm (approx. $677/sqm or $63/sqft).
Location & Neighborhood
The property is located at Ama Shi Shippou Machi En Shima 165 (あま市七宝町遠島165), Aichi, Japan. It is a 34-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 38 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 82 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.
Analyze this property's fair price and negotiation room for free at RE:public.