Overview of Reinboo Miyoshi Ke Oka (レインボー三好ヶ丘)
Reinboo Miyoshi Ke Oka (レインボー三好ヶ丘) is a 23-year-old condominium located at Miyoshi Ichizou Kou Oka 5 Choume 1-7 (みよし市三好丘5丁目1-7), Aichi, Japan. Built in 2003, it comprises 72 units in a Reinforced Concrete (RC) structure. It was constructed by Mugishima Kensetsu (麦島建設).
Pricing & Floor Plans
Based on 31 past listings, prices have ranged from 1,650〜2,580万円 (approx. $110,000–$172,000 USD at ¥150/$).
Unit sizes range from 87.4–100.6 sqm (941–1083 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).
Location & Neighborhood
The property is located at Miyoshi Ichizou Kou Oka 5 Choume 1-7 (みよし市三好丘5丁目1-7), Aichi, Japan. It is a 9-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 23 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 72 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.
Analyze this property's fair price and negotiation room for free at RE:public.