Overview of Ribeeru Himejieki Minami 1 (リベール姫路駅南１)
Ribeeru Himejieki Minami 1 (リベール姫路駅南１) is a 29-year-old condominium located at Himejishi Shikama Ku Noda Machi 171 (姫路市飾磨区野田町171), Hyogo, Japan. Built in 1997, it comprises 30 units in a Reinforced Concrete (RC) structure. It was constructed by Yamaguchi Kenchiku (山口建築).
Pricing & Floor Plans
Based on 30 past listings, prices have ranged from 1,150〜2,200万円 (approx. $76,667–$146,667 USD at ¥150/$).
Unit sizes range from 64.9–80.7 sqm (699–869 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: ¥24.9万/sqm (approx. $1,657/sqm or $154/sqft).
Location & Neighborhood
The property is located at Himejishi Shikama Ku Noda Machi 171 (姫路市飾磨区野田町171), Hyogo, Japan. It is a 8-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 29 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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