Overview of Ribatei Hinode (リバティ日の出)
Ribatei Hinode (リバティ日の出) is a 37-year-old condominium located at Tomakomai Ichibi No Demachi 1 Choume 2-18 (苫小牧市日の出町1丁目2-18), Hokkaido, Japan. Built in 1989, it comprises 36 units in a Reinforced Concrete (RC) structure. It was constructed by Maru Hiko Watanabe Kensetsu (丸彦渡辺建設).
Pricing & Floor Plans
Based on 19 past listings, prices have ranged from 430〜1,100万円 (approx. $28,667–$73,333 USD at ¥150/$).
Unit sizes range from 72.8–79.7 sqm (784–858 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: ¥8.8万/sqm (approx. $587/sqm or $55/sqft).
Location & Neighborhood
The property is located at Tomakomai Ichibi No Demachi 1 Choume 2-18 (苫小牧市日の出町1丁目2-18), Hokkaido, Japan. It is a 10-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 37 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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