Overview of Nyuukoopo Hibino (ニューコーポ日比野)
Nyuukoopo Hibino (ニューコーポ日比野) is a 45-year-old condominium located at Nagoyashi Atsuta Ku Taihou 3 Choume 10-17 (名古屋市熱田区大宝3丁目10-17), Aichi, Japan. Built in 1981, it comprises 48 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Arai Kumi (新井組).
Pricing & Floor Plans
Based on 27 past listings, prices have ranged from 850〜2,190万円 (approx. $56,667–$146,000 USD at ¥150/$).
Unit sizes range from 59.8–63.2 sqm (644–680 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2LDK (2-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥20.0万/sqm (approx. $1,332/sqm or $124/sqft).
Location & Neighborhood
The property is located at Nagoyashi Atsuta Ku Taihou 3 Choume 10-17 (名古屋市熱田区大宝3丁目10-17), Aichi, Japan. It is a 5-minute walk to the nearest station. This is considered excellent station access in Japan, where most daily errands are done on foot or by train.
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 45 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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