Overview of Shin'ei Manshon Uewaki (真栄マンション上脇)
Shin'ei Manshon Uewaki (真栄マンション上脇) is a 42-year-old condominium located at Nagoyashi Nakagawa Ku Uewaki Machi 2 Choume 1 (名古屋市中川区上脇町2丁目1), Aichi, Japan. Built in 1984, it comprises 33 units in a Reinforced Concrete (RC) structure. It was constructed by Kuni Kensetsu (六合建設).
Pricing & Floor Plans
Based on 11 past listings, prices have ranged from 780〜1,820万円 (approx. $52,000–$121,333 USD at ¥150/$).
Unit sizes range from 59.7–75.6 sqm (643–814 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 4DK (4-bedroom w/ dining-kitchen), 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥20.8万/sqm (approx. $1,389/sqm or $129/sqft).
Location & Neighborhood
The property is located at Nagoyashi Nakagawa Ku Uewaki Machi 2 Choume 1 (名古屋市中川区上脇町2丁目1), Aichi, Japan. It is a 18-minute walk to the nearest station. In Japan, station proximity significantly affects property values and daily convenience.
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.
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