Overview of Rekuseru Koufu (レクセル甲府)
Rekuseru Koufu (レクセル甲府) is a 33-year-old condominium located at Koufushi Noriyuki 4 Choume 16-26 (甲府市徳行4丁目16-26), Yamanashi, Japan. Built in 1993, it comprises 99 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Ryuuou Kensetsu (竜王建設).
Pricing & Floor Plans
Based on 111 past listings, prices have ranged from 120〜980万円 (approx. $8,000–$65,333 USD at ¥150/$).
Unit sizes range from 16.6–64.8 sqm (179–698 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 1LDK (1-bedroom w/ living-dining-kitchen), 1K (1-bedroom w/ kitchen), 2DK (2-bedroom w/ dining-kitchen), 1DK (1-bedroom w/ dining-kitchen).
Estimated price per sqm: ¥13.0万/sqm (approx. $865/sqm or $80/sqft).
Location & Neighborhood
The property is located at Koufushi Noriyuki 4 Choume 16-26 (甲府市徳行4丁目16-26), Yamanashi, Japan. It is a 38-minute walk to the nearest station. In Japan, station proximity significantly affects property values and daily convenience.
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 33 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 99 units, this is a relatively large condominium. Larger buildings typically benefit from lower per-unit maintenance and repair reserve costs.
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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