Overview of Koopu Nomura Handa 2 Goutou (コープ野村半田２号棟)
Koopu Nomura Handa 2 Goutou (コープ野村半田２号棟) is a 43-year-old condominium located at Handa Shi Horisaki Machi 2 Choume 17 (半田市堀崎町2丁目17), Aichi, Japan. Built in 1983, it comprises 105 units in a Reinforced Concrete (RC) structure. It was constructed by Shimizukensetsu (清水建設).
Pricing & Floor Plans
Based on 45 past listings, prices have ranged from 680〜2,500万円 (approx. $45,333–$166,667 USD at ¥150/$).
Unit sizes range from 74.3–85.0 sqm (800–915 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4SDK (4-bedroom w/ dining-kitchen + service room), 4SLDK (4-bedroom w/ living-dining-kitchen + service room), 4DK (4-bedroom w/ dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥12.5万/sqm (approx. $833/sqm or $77/sqft).
Location & Neighborhood
The property is located at Handa Shi Horisaki Machi 2 Choume 17 (半田市堀崎町2丁目17), Aichi, Japan. It is a 5-minute walk to the nearest station. This is considered excellent station access in Japan, where most daily errands are done on foot or by train.
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.
Scale advantage: With 105 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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