Overview of Konseeru Shinkawa 1 Ban Kan (コンセール新川１番館)
Konseeru Shinkawa 1 Ban Kan (コンセール新川１番館) is a 37-year-old condominium located at Kiyosu Shi Momo Sakae 4 Choume 237 (清須市桃栄4丁目237), Aichi, Japan. Built in 1989, it comprises 34 units in a Reinforced Concrete (RC) structure. It was constructed by Asanuma Kumi (淺沼組).
Pricing & Floor Plans
Based on 39 past listings, prices have ranged from 390〜2,680万円 (approx. $26,000–$178,667 USD at ¥150/$).
Unit sizes range from 54.7–63.9 sqm (589–688 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3DK (3-bedroom w/ dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥8.7万/sqm (approx. $579/sqm or $54/sqft).
Location & Neighborhood
The property is located at Kiyosu Shi Momo Sakae 4 Choume 237 (清須市桃栄4丁目237), Aichi, 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 37 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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