Overview of Sanpaaku Nanmei Machi (サンパーク南明町)
Sanpaaku Nanmei Machi (サンパーク南明町) is a 32-year-old condominium located at Nagoyashi Chikusaku Nanmei Machi 2 Choume 65 (名古屋市千種区南明町2丁目65), Aichi, Japan. Built in 1994, it comprises 25 units in a Reinforced Concrete (RC) structure. It was constructed by Shimizukensetsu (清水建設).
Pricing & Floor Plans
Based on 17 past listings, prices have ranged from 1,590〜3,780万円 (approx. $106,000–$252,000 USD at ¥150/$).
Unit sizes range from 64.8–104.0 sqm (698–1119 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: ¥32.9万/sqm (approx. $2,193/sqm or $204/sqft).
Location & Neighborhood
The property is located at Nagoyashi Chikusaku Nanmei Machi 2 Choume 65 (名古屋市千種区南明町2丁目65), Aichi, Japan. It is a 13-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.
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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