Overview of Apiesu Hara (アピエス原)
Apiesu Hara (アピエス原) is a 31-year-old condominium located at Nagoyashi Tenhakuku Chuuhei 1 Choume 104 (名古屋市天白区中平1丁目104), Aichi, Japan. Built in 1995, it comprises 56 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Kashima Kensetsu (鹿島建設).
Pricing & Floor Plans
Based on 24 past listings, prices have ranged from 1,690〜3,190万円 (approx. $112,667–$212,667 USD at ¥150/$).
Unit sizes range from 64.7–77.7 sqm (696–836 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3LDK (3-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥34.3万/sqm (approx. $2,285/sqm or $212/sqft).
Location & Neighborhood
The property is located at Nagoyashi Tenhakuku Chuuhei 1 Choume 104 (名古屋市天白区中平1丁目104), 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 31 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 56 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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