Overview of Hokuryuu Dai Guriinhaitsu Matsukaze (北竜台グリーンハイツまつかぜ)
Hokuryuu Dai Guriinhaitsu Matsukaze (北竜台グリーンハイツまつかぜ) is a 34-year-old condominium located at Ryuu Ke Saki Shi Koshiba 4 Choume 3-1 ~ 3 (龍ケ崎市小柴4丁目3-1〜3), Ibaraki, Japan. Built in 1992, it comprises 24 units in a Reinforced Concrete (RC) structure.
Pricing & Floor Plans
Based on 14 past listings, prices have ranged from 380〜850万円 (approx. $25,333–$56,667 USD at ¥150/$).
Unit sizes range from 76.4–94.5 sqm (822–1017 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: ¥5.8万/sqm (approx. $386/sqm or $36/sqft).
Location & Neighborhood
The property is located at Ryuu Ke Saki Shi Koshiba 4 Choume 3-1 ~ 3 (龍ケ崎市小柴4丁目3-1〜3), Ibaraki, Japan. It is a 36-minute walk to the nearest station. In Japan, station proximity significantly affects property values and daily convenience.
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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