Overview of Shiteikoopo Arako Kouen (シティコーポ荒子公園)
Shiteikoopo Arako Kouen (シティコーポ荒子公園) is a 27-year-old condominium located at Nagoyashi Nakagawa Ku Kira Machi 178-4 (名古屋市中川区吉良町178-4), Aichi, Japan. Built in 1999, it comprises 110 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Nagoyashi Juutaku Kyoukyuu Kousha (名古屋市住宅供給公社).
Pricing & Floor Plans
Based on 28 past listings, prices have ranged from 1,180〜1,998万円 (approx. $78,667–$133,200 USD at ¥150/$).
Unit sizes range from 81.3–94.7 sqm (875–1019 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 3SLDK (3-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥19.6万/sqm (approx. $1,307/sqm or $121/sqft).
Location & Neighborhood
The property is located at Nagoyashi Nakagawa Ku Kira Machi 178-4 (名古屋市中川区吉良町178-4), Aichi, Japan. It is a 5-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 27 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 110 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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