Overview of Kootovirejji Naha (コートヴィレッジ那覇)
Kootovirejji Naha (コートヴィレッジ那覇) is a 33-year-old condominium located at Naha Shichou Ta 2 Choume 33-48 (那覇市長田2丁目33-48), Okinawa, Japan. Built in 1993, it comprises 97 units in a Reinforced Concrete (RC) structure. It was constructed by Matsumura Kumi (松村組).
Pricing & Floor Plans
Based on 70 past listings, prices have ranged from 1,350〜3,190万円 (approx. $90,000–$212,667 USD at ¥150/$).
Unit sizes range from 65.0–94.5 sqm (700–1017 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), 3DK (3-bedroom w/ dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥37.9万/sqm (approx. $2,528/sqm or $235/sqft).
Location & Neighborhood
The property is located at Naha Shichou Ta 2 Choume 33-48 (那覇市長田2丁目33-48), Okinawa, Japan. It is a 35-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 33 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 97 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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