Overview of Ribio Tatsumi Ke Oka (リビオ巽ヶ丘)
Ribio Tatsumi Ke Oka (リビオ巽ヶ丘) is a 23-year-old condominium located at Chitashi Tatsumi Ga Oka 1 Choume 127 (知多市巽が丘1丁目127), Aichi, Japan. Built in 2003, it comprises 40 units in a Reinforced Concrete (RC) structure. It was constructed by Toda Kensetsu (戸田建設).
Pricing & Floor Plans
Based on 15 past listings, prices have ranged from 1,280〜2,000万円 (approx. $85,333–$133,333 USD at ¥150/$).
Unit sizes range from 75.1–91.5 sqm (808–985 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 Chitashi Tatsumi Ga Oka 1 Choume 127 (知多市巽が丘1丁目127), Aichi, Japan. It is a 6-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.
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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