Overview of Reinboo Jimokuji (レインボー甚目寺)
Reinboo Jimokuji (レインボー甚目寺) is a 38-year-old condominium located at Ama Shi Shinkyo Ya Egami Ta 135 (あま市新居屋江上田135), Aichi, Japan. Built in 1988, it comprises 42 units in a Reinforced Concrete (RC) structure. It was constructed by Matsumura Kumi (松村組).
Pricing & Floor Plans
Based on 30 past listings, prices have ranged from 640〜1,780万円 (approx. $42,667–$118,667 USD at ¥150/$).
Unit sizes range from 74.7–84.2 sqm (804–906 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 5DK (5-bedroom w/ dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen), 3SLDK (3-bedroom w/ living-dining-kitchen + service room), 4LDK (4-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥14.6万/sqm (approx. $975/sqm or $91/sqft).
Location & Neighborhood
The property is located at Ama Shi Shinkyo Ya Egami Ta 135 (あま市新居屋江上田135), Aichi, 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 38 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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