Overview of Kyassurunyuukooto Nisshin (キャッスルニューコート日進)
Kyassurunyuukooto Nisshin (キャッスルニューコート日進) is a 24-year-old condominium located at Nisshin Shi Fujitsuka 5 Choume 109-1 (日進市藤塚5丁目109-1), Aichi, Japan. Built in 2002, it comprises 27 units in a Reinforced Concrete (RC) structure. It was constructed by Iwabe Kensetsu (岩部建設).
Pricing & Floor Plans
Based on 3 past listings, prices have ranged from 1,280〜1,380万円 (approx. $85,333–$92,000 USD at ¥150/$).
Unit sizes range from 115.6–115.6 sqm (1244–1244 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).
Location & Neighborhood
The property is located at Nisshin Shi Fujitsuka 5 Choume 109-1 (日進市藤塚5丁目109-1), Aichi, Japan. It is a 19-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 24 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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