Overview of Kingusukooto Chiryuu Shin Hayashi (キングスコート知立新林)
Kingusukooto Chiryuu Shin Hayashi (キングスコート知立新林) is a 30-year-old condominium located at Chiryuushi Shin Hayashichou Ketsu Yabu 3-6 (知立市新林町欠藪3-6), Aichi, Japan. Built in 1996, it comprises 72 units in a Reinforced Concrete (RC) structure. It was constructed by Kumagaigumi (熊谷組).
Pricing & Floor Plans
Based on 22 past listings, prices have ranged from 980〜1,995万円 (approx. $65,333–$133,000 USD at ¥150/$).
Unit sizes range from 65.0–81.8 sqm (700–880 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).
Location & Neighborhood
The property is located at Chiryuushi Shin Hayashichou Ketsu Yabu 3-6 (知立市新林町欠藪3-6), Aichi, Japan. It is a 22-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 30 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 72 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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