Overview of Kaindosuteeji Yokohama Nishi (カインドステージ横浜西)
Kaindosuteeji Yokohama Nishi (カインドステージ横浜西) is a 29-year-old condominium located at Yokohamashinishiku Asama Machi 4 Choume 331-7 (横浜市西区浅間町4丁目331-7), Kanagawa, Japan. Built in 1997, it comprises 22 units in a Reinforced Concrete (RC) structure. It was constructed by Nankai Tatsumura Kensetsu (南海辰村建設).
Pricing & Floor Plans
Based on 37 past listings, prices have ranged from 2,400〜5,880万円 (approx. $160,000–$392,000 USD at ¥150/$).
Unit sizes range from 60.7–60.8 sqm (653–654 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1SLDK (1-bedroom w/ living-dining-kitchen + service room), 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 1LDK (1-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥94.0万/sqm (approx. $6,266/sqm or $582/sqft).
Location & Neighborhood
The property is located at Yokohamashinishiku Asama Machi 4 Choume 331-7 (横浜市西区浅間町4丁目331-7), Kanagawa, 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 29 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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