Overview of Ribio Ue Nawa (リビオ上名和)
Ribio Ue Nawa (リビオ上名和) is a 23-year-old condominium located at Toukaishi Nawa Machi Midori Youdai 1 (東海市名和町緑陽台1), Aichi, Japan. Built in 2003, it comprises 173 units in a Reinforced Concrete (RC) structure. It was constructed by Kashima Kensetsu (鹿島建設).
Pricing & Floor Plans
Based on 91 past listings, prices have ranged from 1,400〜2,890万円 (approx. $93,333–$192,667 USD at ¥150/$).
Unit sizes range from 75.3–96.5 sqm (811–1039 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 3SLDK (3-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥24.4万/sqm (approx. $1,625/sqm or $151/sqft).
Location & Neighborhood
The property is located at Toukaishi Nawa Machi Midori Youdai 1 (東海市名和町緑陽台1), Aichi, Japan. It is a 17-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 23 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 173 units, this is a relatively large condominium. Larger buildings typically benefit from lower per-unit maintenance and repair reserve costs.
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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