Overview of Takara Manshon Shin Moriyama Sukuea (宝マンション新守山スクエア)
Takara Manshon Shin Moriyama Sukuea (宝マンション新守山スクエア) is a 26-year-old condominium located at Nagoyashi Moriyamaku Nishikawa Haramachi 28 (名古屋市守山区西川原町28), Aichi, Japan. Built in 2000, it comprises 93 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Matsumura Kumi (松村組).
Pricing & Floor Plans
Based on 24 past listings, prices have ranged from 1,490〜2,490万円 (approx. $99,333–$166,000 USD at ¥150/$).
Unit sizes range from 65.8–80.1 sqm (708–862 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: ¥29.0万/sqm (approx. $1,935/sqm or $180/sqft).
Location & Neighborhood
The property is located at Nagoyashi Moriyamaku Nishikawa Haramachi 28 (名古屋市守山区西川原町28), 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 26 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 93 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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