Overview of Neochitta Kiri Ke Oka (ネオチッタ桐ヶ丘)
Neochitta Kiri Ke Oka (ネオチッタ桐ヶ丘) is a 31-year-old condominium located at Handa Shi Kiri Ke Oka 2 Choume 77 (半田市桐ケ丘2丁目77), Aichi, Japan. Built in 1995, it comprises 34 units in a Reinforced Concrete (RC) structure. It was constructed by Nippon Kigyou (日本起業).
Pricing & Floor Plans
Based on 17 past listings, prices have ranged from 1,080〜1,598万円 (approx. $72,000–$106,533 USD at ¥150/$).
Unit sizes range from 67.9–83.6 sqm (731–900 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥18.0万/sqm (approx. $1,197/sqm or $111/sqft).
Location & Neighborhood
The property is located at Handa Shi Kiri Ke Oka 2 Choume 77 (半田市桐ケ丘2丁目77), Aichi, Japan. It is a 4-minute walk to the nearest station. This is considered excellent station access in Japan, where most daily errands are done on foot or by train.
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 31 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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