Overview of Hairejidensu Daini Yama Yuki Te En (ハイレジデンス第２山之手苑)
Hairejidensu Daini Yama Yuki Te En (ハイレジデンス第２山之手苑) is a 47-year-old condominium located at Toyotashi Yama Yuki Te 7 Choume 56 (豊田市山之手7丁目56), Aichi, Japan. Built in 1979, it comprises 24 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Yahagi Kensetsu Kougyou (矢作建設工業).
Pricing & Floor Plans
Price range: 情報なし.
Estimated price per sqm: ¥11.3万/sqm (approx. $756/sqm or $70/sqft).
Location & Neighborhood
The property is located at Toyotashi Yama Yuki Te 7 Choume 56 (豊田市山之手7丁目56), Aichi, Japan. It is a 12-minute walk to the nearest station. In Japan, station proximity significantly affects property values and daily convenience.
Investment Perspective
Seismic standards: Built in 1979, this property predates Japan's 1981 New Seismic Design Standards (新耐震基準). Buildings constructed before June 1981 were built to older earthquake resistance codes. Buyers should consider seismic retrofit status.
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 47 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.
Analyze this property's fair price and negotiation room for free at RE:public.