Overview of Apiesu Kuwana (アピエス桑名)
Apiesu Kuwana (アピエス桑名) is a 32-year-old condominium located at Kuwana Shi Touhou 1497-2 (桑名市東方1497-2), Mie, Japan. Built in 1994, it comprises 71 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Kuni Kensetsu (六合建設).
Pricing & Floor Plans
Based on 26 past listings, prices have ranged from 1,190〜2,350万円 (approx. $79,333–$156,667 USD at ¥150/$).
Unit sizes range from 68.0–74.0 sqm (732–797 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1SLDK (1-bedroom w/ living-dining-kitchen + service room), 2LDK (2-bedroom w/ living-dining-kitchen), 3SLDK (3-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥27.5万/sqm (approx. $1,831/sqm or $170/sqft).
Location & Neighborhood
The property is located at Kuwana Shi Touhou 1497-2 (桑名市東方1497-2), Mie, 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 32 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 71 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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