Overview of Furoorensuparesu Kashiwa Dai (フローレンスパレスかしわ台)
Furoorensuparesu Kashiwa Dai (フローレンスパレスかしわ台) is a 33-year-old condominium located at Ayaseshi Terao Kita 2 Choume 11-6 (綾瀬市寺尾北2丁目11-6), Kanagawa, Japan. Built in 1993, it comprises 42 units in a Reinforced Concrete (RC) structure. It was constructed by Kudou Kensetsu , Juuzen Kensetsu (工藤建設、 十全建設).
Pricing & Floor Plans
Price range: 情報なし.
Estimated price per sqm: ¥22.1万/sqm (approx. $1,473/sqm or $137/sqft).
Location & Neighborhood
The property is located at Ayaseshi Terao Kita 2 Choume 11-6 (綾瀬市寺尾北2丁目11-6), Kanagawa, 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 33 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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