Overview of Neohaitsu Nawa (ネオハイツ名和)
Neohaitsu Nawa (ネオハイツ名和) is a 32-year-old condominium located at Toukaishi Nawa Machi Taka No Miyamae 3-1 (東海市名和町高ノ宮前3-1), Aichi, Japan. Built in 1994, it comprises 77 units in a Reinforced Concrete (RC) structure. It was constructed by Tekken Kensetsu (鉄建建設).
Pricing & Floor Plans
Based on 41 past listings, prices have ranged from 570〜1,220万円 (approx. $38,000–$81,333 USD at ¥150/$).
Unit sizes range from 64.7–91.7 sqm (696–987 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥10.3万/sqm (approx. $685/sqm or $64/sqft).
Location & Neighborhood
The property is located at Toukaishi Nawa Machi Taka No Miyamae 3-1 (東海市名和町高ノ宮前3-1), Aichi, Japan. It is a 18-minute walk to the nearest station. In Japan, station proximity significantly affects property values and daily convenience.
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 77 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.
Analyze this property's fair price and negotiation room for free at RE:public.