The supply and use of exhaust heat recovery ventilation system as effective energy saving equipment has been increasing steadily. The exhaust heat recovery ventilation system can be installed at ceiling of balcony or emergency space. However, ventilation system can not be installed at emergency space because where have to remain as empty space by law. Therefore, the proper installation space of ventilation system is needed. In this study, to install heat recovery ventilation system in the light weight wall, thickness of heat exchanger was assembled below 140 mm. One or two paper heat exchangers were installed in the ventilation system. The efficiency of heat recovery was analyzed through performance experiment on case of cooling and heating mode.