Overview of Sanveeru Kounan Chuuou (サンヴェール港南中央)
Sanveeru Kounan Chuuou (サンヴェール港南中央) is a 29-year-old condominium located at Yokohamashi Kounanku Sasashita 5 Choume 3-27 (横浜市港南区笹下5丁目3-27), Kanagawa, Japan. Built in 1997, it comprises 57 units in a Reinforced Concrete (RC) structure. It was constructed by Asanuma Kumi (淺沼組).
Pricing & Floor Plans
Based on 16 past listings, prices have ranged from 2,250〜3,780万円 (approx. $150,000–$252,000 USD at ¥150/$).
Unit sizes range from 64.5–76.3 sqm (694–821 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3LDK (3-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥48.3万/sqm (approx. $3,221/sqm or $299/sqft).
Location & Neighborhood
The property is located at Yokohamashi Kounanku Sasashita 5 Choume 3-27 (横浜市港南区笹下5丁目3-27), Kanagawa, Japan. It is a 12-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 29 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 57 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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