Overview of Touwa Raibutaun Chiryuu (藤和ライブタウン知立)
Touwa Raibutaun Chiryuu (藤和ライブタウン知立) is a 30-year-old condominium located at Chiryuushi Nishimachi 4-1 (知立市西町4-1), Aichi, Japan. Built in 1996, it comprises 34 units in a Reinforced Concrete (RC) structure. It was constructed by Kuni Kensetsu (六合建設).
Pricing & Floor Plans
Based on 18 past listings, prices have ranged from 1,320〜1,988万円 (approx. $88,000–$132,533 USD at ¥150/$).
Unit sizes range from 75.4–93.8 sqm (812–1010 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥27.4万/sqm (approx. $1,825/sqm or $170/sqft).
Location & Neighborhood
The property is located at Chiryuushi Nishimachi 4-1 (知立市西町4-1), Aichi, Japan. It is a 7-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 30 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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