Overview of Chigusa Haruoka Shiteihausu (千種春岡シティハウス)
Chigusa Haruoka Shiteihausu (千種春岡シティハウス) is a 31-year-old condominium located at Nagoyashi Chikusaku Haruoka Toori 5 Choume 10 (名古屋市千種区春岡通5丁目10), Aichi, Japan. Built in 1995, it comprises 29 units in a Reinforced Concrete (RC) structure. It was constructed by Yahagi Kensetsu Kougyou (矢作建設工業).
Pricing & Floor Plans
Based on 15 past listings, prices have ranged from 1,780〜3,290万円 (approx. $118,667–$219,333 USD at ¥150/$).
Unit sizes range from 70.6–74.0 sqm (760–797 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2LDK (2-bedroom w/ living-dining-kitchen), 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥38.6万/sqm (approx. $2,575/sqm or $239/sqft).
Location & Neighborhood
The property is located at Nagoyashi Chikusaku Haruoka Toori 5 Choume 10 (名古屋市千種区春岡通5丁目10), 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 31 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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