Overview of Nyuuraifu Kounan A Tou (ニューライフ港南Ａ棟)
Nyuuraifu Kounan A Tou (ニューライフ港南Ａ棟) is a 43-year-old condominium located at Yokohamashi Kounanku Sasashita 5 Choume 2-37 (横浜市港南区笹下5丁目2-37), Kanagawa, Japan. Built in 1983, it comprises 41 units in a Reinforced Concrete (RC) structure. It was constructed by Tekken Kensetsu (鉄建建設).
Pricing & Floor Plans
Based on 16 past listings, prices have ranged from 1,180〜2,198万円 (approx. $78,667–$146,533 USD at ¥150/$).
Unit sizes range from 64.4–84.4 sqm (693–908 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥24.2万/sqm (approx. $1,613/sqm or $150/sqft).
Location & Neighborhood
The property is located at Yokohamashi Kounanku Sasashita 5 Choume 2-37 (横浜市港南区笹下5丁目2-37), Kanagawa, Japan. It is a 10-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 43 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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