Overview of Reinboo Daini Chita Chou Ura (レインボー第２知多長浦)
Reinboo Daini Chita Chou Ura (レインボー第２知多長浦) is a 31-year-old condominium located at Chitashi Okada Shimonaka Ta 5-1 (知多市岡田下中田5-1), Aichi, Japan. Built in 1995, it comprises 75 units in a Reinforced Concrete (RC) structure. It was constructed by Shimizukensetsu (清水建設).
Pricing & Floor Plans
Based on 18 past listings, prices have ranged from 800〜1,690万円 (approx. $53,333–$112,667 USD at ¥150/$).
Unit sizes range from 66.8–79.2 sqm (719–853 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), 3LDK (3-bedroom w/ living-dining-kitchen).
Location & Neighborhood
The property is located at Chitashi Okada Shimonaka Ta 5-1 (知多市岡田下中田5-1), Aichi, Japan. It is a 18-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 31 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 75 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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