Overview of Shin Kai Uerakooto Eki Kita (信開ウエラコート駅北)
Shin Kai Uerakooto Eki Kita (信開ウエラコート駅北) is a 36-year-old condominium located at Hakusan Shi Hachi Tsu Ya Shinmachi 14 (白山市八ツ矢新町14), Ishikawa, Japan. Built in 1990, it comprises 85 units in a Reinforced Concrete (RC) structure.
Pricing & Floor Plans
Based on 43 past listings, prices have ranged from 88〜1,590万円 (approx. $5,867–$106,000 USD at ¥150/$).
Unit sizes range from 19.5–59.7 sqm (210–643 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1LDK (1-bedroom w/ living-dining-kitchen), 1K (1-bedroom w/ kitchen), 1R (Studio), 2DK (2-bedroom w/ dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥13.2万/sqm (approx. $883/sqm or $82/sqft).
Location & Neighborhood
The property is located at Hakusan Shi Hachi Tsu Ya Shinmachi 14 (白山市八ツ矢新町14), Ishikawa, 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 36 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 85 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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