Overview of Reinboo Shintomi Machi (レインボー新富町)
Reinboo Shintomi Machi (レインボー新富町) is a 28-year-old condominium located at Nagoyashi Nakamuraku Shintomi Machi 2 Choume 1-2 (名古屋市中村区新富町2丁目1-2), Aichi, Japan. Built in 1998, it comprises 28 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Nippon Kensetsu (日本建設).
Pricing & Floor Plans
Based on 16 past listings, prices have ranged from 1,540〜2,200万円 (approx. $102,667–$146,667 USD at ¥150/$).
Unit sizes range from 77.0–92.1 sqm (829–991 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4DK (4-bedroom w/ dining-kitchen), 3SLDK (3-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥21.9万/sqm (approx. $1,458/sqm or $135/sqft).
Location & Neighborhood
The property is located at Nagoyashi Nakamuraku Shintomi Machi 2 Choume 1-2 (名古屋市中村区新富町2丁目1-2), 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 28 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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