Overview of Dio・ferutei Kusatsu (ディオ・フェルティ草津)
Dio・ferutei Kusatsu (ディオ・フェルティ草津) is a 36-year-old condominium located at Kusatsu Ichihei I 5 Choume 10-20 (草津市平井5丁目10-20), Shiga, Japan. Built in 1990, it comprises 152 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Hase Kou Kooporeeshon (長谷工コーポレーション).
Pricing & Floor Plans
Based on 58 past listings, prices have ranged from 1,480〜2,580万円 (approx. $98,667–$172,000 USD at ¥150/$).
Unit sizes range from 90.2–118.9 sqm (971–1280 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 4SLDK (4-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen), 5LDK (5-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥23.9万/sqm (approx. $1,592/sqm or $148/sqft).
Location & Neighborhood
The property is located at Kusatsu Ichihei I 5 Choume 10-20 (草津市平井5丁目10-20), Shiga, Japan. It is a 19-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 36 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 152 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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