Overview of Owariasahi Higashiyama Kooporasu (尾張旭東山コーポラス)
Owariasahi Higashiyama Kooporasu (尾張旭東山コーポラス) is a 34-year-old condominium located at Owariasahi Shi Higashiyama Machi 2 Choume 15-8 (尾張旭市東山町2丁目15-8), Aichi, Japan. Built in 1992, it comprises 37 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Fujiki Koumuten (藤木工務店).
Pricing & Floor Plans
Based on 29 past listings, prices have ranged from 830〜2,230万円 (approx. $55,333–$148,667 USD at ¥150/$).
Unit sizes range from 64.8–87.3 sqm (698–940 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3LDK (3-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 4LDK (4-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥22.0万/sqm (approx. $1,467/sqm or $136/sqft).
Location & Neighborhood
The property is located at Owariasahi Shi Higashiyama Machi 2 Choume 15-8 (尾張旭市東山町2丁目15-8), Aichi, Japan. It is a 15-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 34 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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