Overview of Raifupuraza Furumi (ライフプラザ古見)
Raifupuraza Furumi (ライフプラザ古見) is a 36-year-old condominium located at Chitashi Shimushiru 65-1 (知多市新知65-1), Aichi, Japan. Built in 1990, it comprises 57 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Shimizukensetsu (清水建設).
Pricing & Floor Plans
Based on 32 past listings, prices have ranged from 950〜1,690万円 (approx. $63,333–$112,667 USD at ¥150/$).
Unit sizes range from 75.2–117.4 sqm (809–1264 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3LDK (3-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥13.0万/sqm (approx. $865/sqm or $80/sqft).
Location & Neighborhood
The property is located at Chitashi Shimushiru 65-1 (知多市新知65-1), 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 36 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 57 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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