Overview of Raifupuraza Ka Kiya (ライフプラザ加木屋)
Raifupuraza Ka Kiya (ライフプラザ加木屋) is a 33-year-old condominium located at Toukaishi Ka Kiyamachi Yama Yuki Waki 60-2 (東海市加木屋町山之脇60-2), Aichi, Japan. Built in 1993, it comprises 166 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Taiheikougyou (太平工業).
Pricing & Floor Plans
Price range: 情報なし.
Estimated price per sqm: ¥17.7万/sqm (approx. $1,183/sqm or $110/sqft).
Location & Neighborhood
The property is located at Toukaishi Ka Kiyamachi Yama Yuki Waki 60-2 (東海市加木屋町山之脇60-2), Aichi, Japan. It is a 28-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 33 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 166 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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