Overview of Ekuserensu Shin Moriyama (エクセレンス新守山)
Ekuserensu Shin Moriyama (エクセレンス新守山) is a 44-year-old condominium located at Nagoyashi Moriyamaku Seko Higashi 2 Choume 1011 (名古屋市守山区瀬古東2丁目1011), Aichi, Japan. Built in 1982, it comprises 55 units in a Reinforced Concrete (RC) structure. It was constructed by Asanuma Kumi , Toukai Denkikouji (浅沼組、 東海電気工事).
Pricing & Floor Plans
Based on 36 past listings, prices have ranged from 600〜1,870万円 (approx. $40,000–$124,667 USD at ¥150/$).
Unit sizes range from 71.4–81.8 sqm (769–880 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: ¥17.6万/sqm (approx. $1,170/sqm or $109/sqft).
Location & Neighborhood
The property is located at Nagoyashi Moriyamaku Seko Higashi 2 Choume 1011 (名古屋市守山区瀬古東2丁目1011), 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 44 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 55 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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