Overview of Painzumanshon Kisarazu Ni Ban Kan (パインズマンション木更津弐番館)
Painzumanshon Kisarazu Ni Ban Kan (パインズマンション木更津弐番館) is a 25-year-old condominium located at Kisarazu Shi Higashinaka Ou 2 Choume 12-2 (木更津市東中央2丁目12-2), Chiba, Japan. Built in 2001, it comprises 44 units in a Reinforced Concrete (RC) structure. It was constructed by Yamato Kensetsu (大和建設).
Pricing & Floor Plans
Price range: 情報なし.
Estimated price per sqm: ¥37.0万/sqm (approx. $2,464/sqm or $229/sqft).
Location & Neighborhood
The property is located at Kisarazu Shi Higashinaka Ou 2 Choume 12-2 (木更津市東中央2丁目12-2), Chiba, 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 25 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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