Overview of Neosuteeji Shin Moriyama (ネオステージ新守山)
Neosuteeji Shin Moriyama (ネオステージ新守山) is a 28-year-old condominium located at Nagoyashi Moriyamaku Sachi Kokoro 1 Choume 258 (名古屋市守山区幸心1丁目258), Aichi, Japan. Built in 1998, it comprises 55 units in a Reinforced Concrete (RC) structure. It was constructed by Asanuma Kumi (淺沼組).
Pricing & Floor Plans
Based on 28 past listings, prices have ranged from 1,140〜3,080万円 (approx. $76,000–$205,333 USD at ¥150/$).
Unit sizes range from 69.6–88.2 sqm (749–949 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1SLDK (1-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥35.5万/sqm (approx. $2,368/sqm or $220/sqft).
Location & Neighborhood
The property is located at Nagoyashi Moriyamaku Sachi Kokoro 1 Choume 258 (名古屋市守山区幸心1丁目258), 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 28 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 55 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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