Overview of Shin'ei Manshon Kyouwa (真栄マンション共和)
Shin'ei Manshon Kyouwa (真栄マンション共和) is a 36-year-old condominium located at Oobu Shi Tomo Nishimachi 3 Choume 106 (大府市共西町3丁目106), Aichi, Japan. Built in 1990, it comprises 40 units in a Reinforced Concrete (RC) structure. It was constructed by Takahashi Kensetsu (高橋建設).
Pricing & Floor Plans
Based on 5 past listings, prices have ranged from 950〜1,390万円 (approx. $63,333–$92,667 USD at ¥150/$).
Unit sizes range from 68.0–82.8 sqm (732–891 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Location & Neighborhood
The property is located at Oobu Shi Tomo Nishimachi 3 Choume 106 (大府市共西町3丁目106), Aichi, Japan. It is a 9-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 36 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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