Overview of Shatoo Nisshin Akaike (シャトー日進赤池)
Shatoo Nisshin Akaike (シャトー日進赤池) is a 25-year-old condominium located at Nisshin Shi Asada Machi Chaen 1-5 (日進市浅田町茶園1-5), Aichi, Japan. Built in 2001, it comprises 19 units in a Reinforced Concrete (RC) structure. It was constructed by Daihoukensetsu (大豊建設).
Pricing & Floor Plans
Based on 10 past listings, prices have ranged from 1,730〜2,280万円 (approx. $115,333–$152,000 USD at ¥150/$).
Unit sizes range from 78.8–95.7 sqm (848–1030 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3SLDK (3-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen).
Location & Neighborhood
The property is located at Nisshin Shi Asada Machi Chaen 1-5 (日進市浅田町茶園1-5), Aichi, Japan. It is a 6-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 25 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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