Overview of Kariya Airisu (刈谷アイリス)
Kariya Airisu (刈谷アイリス) is a 34-year-old condominium located at Kariyashi Kumano Machi 4 Choume 25-2 (刈谷市熊野町4丁目25-2), Aichi, Japan. Built in 1992, it comprises 34 units in a Reinforced Concrete (RC) structure. It was constructed by Toomen , Dai Matsu Kensetsu (トーメン、 大末建設).
Pricing & Floor Plans
Price range: 情報なし.
Estimated price per sqm: ¥26.3万/sqm (approx. $1,751/sqm or $163/sqft).
Location & Neighborhood
The property is located at Kariyashi Kumano Machi 4 Choume 25-2 (刈谷市熊野町4丁目25-2), Aichi, 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 34 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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