Overview of Raifuueruzu Nisshin 2 (ライフウエルズ日進２)
Raifuueruzu Nisshin 2 (ライフウエルズ日進２) is a 31-year-old condominium located at Nisshin Shi Sakae 4 Choume 1201 (日進市栄4丁目1201), Aichi, Japan. Built in 1995, it comprises 62 units in a Reinforced Concrete (RC) structure. It was constructed by Sumitomokensetsu (住友建設).
Pricing & Floor Plans
Price range: 情報なし.
Estimated price per sqm: ¥30.5万/sqm (approx. $2,036/sqm or $189/sqft).
Location & Neighborhood
The property is located at Nisshin Shi Sakae 4 Choume 1201 (日進市栄4丁目1201), 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 31 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 62 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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