Overview of Shin'ei Manshon Kariya (真栄マンション刈谷)
Shin'ei Manshon Kariya (真栄マンション刈谷) is a 39-year-old condominium located at Kariyashi Aioichou 2 Choume 2-1 (刈谷市相生町2丁目2-1), Aichi, Japan. Built in 1987, it comprises 46 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Odakyuu Kensetsu (小田急建設).
Pricing & Floor Plans
Price range: 情報なし.
Estimated price per sqm: ¥28.9万/sqm (approx. $1,927/sqm or $179/sqft).
Location & Neighborhood
The property is located at Kariyashi Aioichou 2 Choume 2-1 (刈谷市相生町2丁目2-1), Aichi, Japan. It is a 2-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 39 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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