Overview of Paakushiteitawaazugaadenforesutoea (パークシティタワーズガーデンフォレストエア)
Paakushiteitawaazugaadenforesutoea (パークシティタワーズガーデンフォレストエア) is a 23-year-old condominium located at Nagoyashi Nishiku Nihou Machi 41-2 (名古屋市西区二方町41-2), Aichi, Japan. Built in 2003, it comprises 83 units in a Reinforced Concrete (RC) structure. It was constructed by Takenakakoumuten (竹中工務店).
Pricing & Floor Plans
Based on 19 past listings, prices have ranged from 2,580〜3,890万円 (approx. $172,000–$259,333 USD at ¥150/$).
Unit sizes range from 79.2–97.5 sqm (853–1049 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 4SLDK (4-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥44.6万/sqm (approx. $2,975/sqm or $276/sqft).
Location & Neighborhood
The property is located at Nagoyashi Nishiku Nihou Machi 41-2 (名古屋市西区二方町41-2), 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 23 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 83 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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