Overview of Yokohama Shiteitawaa Basha Michi (横浜シティタワー馬車道)
Yokohama Shiteitawaa Basha Michi (横浜シティタワー馬車道) is a 23-year-old condominium located at Yokohamashi Nakaku Onoe Machi 5 Choume 71 (横浜市中区尾上町5丁目71), Kanagawa, Japan. Built in 2003, it comprises 163 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Shimizukensetsu (清水建設).
Pricing & Floor Plans
Based on 146 past listings, prices have ranged from 2,580〜24,800万円 (approx. $172,000–$1,653,333 USD at ¥150/$).
Unit sizes range from 40.8–103.1 sqm (439–1110 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), 3LDK (3-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥182.2万/sqm (approx. $12,148/sqm or $1,129/sqft).
Location & Neighborhood
The property is located at Yokohamashi Nakaku Onoe Machi 5 Choume 71 (横浜市中区尾上町5丁目71), Kanagawa, Japan. It is a 1-minute walk to the nearest station. This is considered excellent station access in Japan, where most daily errands are done on foot or by train.
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.
Scale advantage: With 163 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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