Overview of Raifukooto Minami Ka Kiya (ライフコート南加木屋)
Raifukooto Minami Ka Kiya (ライフコート南加木屋) is a 32-year-old condominium located at Toukaishi Ka Kiyamachi Minami Kamochi 1-24 (東海市加木屋町南鹿持1-24), Aichi, Japan. Built in 1994, it comprises 12 units in a Reinforced Concrete (RC) structure. It was constructed by Toukyuukensetsu (東急建設).
Pricing & Floor Plans
Based on 3 past listings, prices have ranged from 730〜1,050万円 (approx. $48,667–$70,000 USD at ¥150/$).
Unit sizes range from 78.0–78.0 sqm (840–840 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3LDK (3-bedroom w/ living-dining-kitchen).
Location & Neighborhood
The property is located at Toukaishi Ka Kiyamachi Minami Kamochi 1-24 (東海市加木屋町南鹿持1-24), Aichi, Japan. It is a 8-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 32 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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