Overview of Famiiru Yokkaichi (ファミール四日市)
Famiiru Yokkaichi (ファミール四日市) is a 28-year-old condominium located at Yokkaichi Shichuu Bu 17-14 (四日市市中部17-14), Mie, Japan. Built in 1998, it comprises 39 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Takenakakoumuten (竹中工務店).
Pricing & Floor Plans
Price range: 情報なし.
Estimated price per sqm: ¥20.3万/sqm (approx. $1,353/sqm or $126/sqft).
Location & Neighborhood
The property is located at Yokkaichi Shichuu Bu 17-14 (四日市市中部17-14), Mie, Japan. It is a 11-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 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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