Overview of Shirouzu Kouen Haitsu (白水公園ハイツ)
Shirouzu Kouen Haitsu (白水公園ハイツ) is a 39-year-old condominium located at Nagoyashi Minamiku Taki Harumachi 19-1 (名古屋市南区滝春町19-1), Aichi, Japan. Built in 1987, it comprises 80 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Dainippon Doboku (大日本土木).
Pricing & Floor Plans
Based on 48 past listings, prices have ranged from 780〜1,850万円 (approx. $52,000–$123,333 USD at ¥150/$).
Unit sizes range from 72.4–94.8 sqm (779–1020 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3LDK (3-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥14.8万/sqm (approx. $989/sqm or $92/sqft).
Location & Neighborhood
The property is located at Nagoyashi Minamiku Taki Harumachi 19-1 (名古屋市南区滝春町19-1), 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 39 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 80 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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