Overview of Poresutaa Ootani Machi (ポレスター大谷町)
Poresutaa Ootani Machi (ポレスター大谷町) is a 23-year-old condominium located at Tsushi Ootani Machi 156-1 (津市大谷町156-1), Mie, Japan. Built in 2003, it comprises 18 units in a Reinforced Concrete (RC) structure. It was constructed by Kurimoto Kensetsu Kougyou (栗本建設工業).
Pricing & Floor Plans
Price range: 情報なし.
Estimated price per sqm: ¥37.2万/sqm (approx. $2,477/sqm or $230/sqft).
Location & Neighborhood
The property is located at Tsushi Ootani Machi 156-1 (津市大谷町156-1), Mie, 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 23 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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