Overview of Karuteia Kasugai 5 (カルティア春日井５)
Karuteia Kasugai 5 (カルティア春日井５) is a 23-year-old condominium located at Kasugai Shi Higashino Machi 4 Choume 3-1 (春日井市東野町4丁目3-1), Aichi, Japan. Built in 2003, it comprises 28 units in a Reinforced Concrete (RC) structure. It was constructed by Maru Hiko Watanabe Kensetsu (丸彦渡辺建設).
Pricing & Floor Plans
Based on 20 past listings, prices have ranged from 1,300〜2,380万円 (approx. $86,667–$158,667 USD at ¥150/$).
Unit sizes range from 75.4–90.7 sqm (812–976 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥28.3万/sqm (approx. $1,885/sqm or $175/sqft).
Location & Neighborhood
The property is located at Kasugai Shi Higashino Machi 4 Choume 3-1 (春日井市東野町4丁目3-1), Aichi, 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 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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