Overview of Nabishitei Daikan Machi (ナビシティ代官町)
Nabishitei Daikan Machi (ナビシティ代官町) is a 37-year-old condominium located at Nagoyashi Higashiku Daikan Machi 29-5 (名古屋市東区代官町29-5), Aichi, Japan. Built in 1989, it comprises 12 units in a Reinforced Concrete (RC) structure. It was constructed by Nakano Kensetsu (中野建設).
Pricing & Floor Plans
Based on 14 past listings, prices have ranged from 1,430〜2,480万円 (approx. $95,333–$165,333 USD at ¥150/$).
Unit sizes range from 71.3–76.3 sqm (767–821 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1LDK (1-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Location & Neighborhood
The property is located at Nagoyashi Higashiku Daikan Machi 29-5 (名古屋市東区代官町29-5), Aichi, Japan. It is a 8-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 37 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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