Overview of Shiteikoopo Hibino (シティコーポひびの)
Shiteikoopo Hibino (シティコーポひびの) is a 42-year-old condominium located at Nagoyashi Atsuta Ku Taihou 1 Choume 2-8 (名古屋市熱田区大宝1丁目2-8), Aichi, Japan. Built in 1984, it comprises 28 units in a Steel Reinforced Concrete (SRC) structure.
Pricing & Floor Plans
Based on 2 past listings, prices have ranged from 1,180〜1,380万円 (approx. $78,667–$92,000 USD at ¥150/$).
Unit sizes range from 82.5–82.5 sqm (888–888 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen).
Location & Neighborhood
The property is located at Nagoyashi Atsuta Ku Taihou 1 Choume 2-8 (名古屋市熱田区大宝1丁目2-8), Aichi, Japan. It is a 1-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 42 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.
Analyze this property's fair price and negotiation room for free at RE:public.