Overview of Tsuin'erushitei Chiba 2 Ban Kan (ツインエルシティ千葉２番館)
Tsuin'erushitei Chiba 2 Ban Kan (ツインエルシティ千葉２番館) is a 32-year-old condominium located at Chibashi Wakaba Ku Wakamatsuchou 902-2 (千葉市若葉区若松町902-2), Chiba, Japan. Built in 1994, it comprises 176 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Komatsu Kensetsu Kougyou , Keisei Kensetsu (小松建設工業、 京成建設).
Pricing & Floor Plans
Based on 68 past listings, prices have ranged from 510〜2,280万円 (approx. $34,000–$152,000 USD at ¥150/$).
Unit sizes range from 55.3–98.0 sqm (595–1055 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3LDK (3-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥23.8万/sqm (approx. $1,588/sqm or $148/sqft).
Location & Neighborhood
The property is located at Chibashi Wakaba Ku Wakamatsuchou 902-2 (千葉市若葉区若松町902-2), Chiba, 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 32 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 176 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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