Overview of Shiteikoopu Anjou Sakuramachi (シティコープ安城桜町)
Shiteikoopu Anjou Sakuramachi (シティコープ安城桜町) is a 36-year-old condominium located at Anjou Shi Sakuramachi 1-24 (安城市桜町1-24), Aichi, Japan. Built in 1990, it comprises 30 units in a Reinforced Concrete (RC) structure. It was constructed by Kagata Kumi (加賀田組).
Pricing & Floor Plans
Based on 28 past listings, prices have ranged from 1,050〜2,090万円 (approx. $70,000–$139,333 USD at ¥150/$).
Unit sizes range from 69.7–74.8 sqm (750–805 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3LDK (3-bedroom w/ living-dining-kitchen), 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 4LDK (4-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥27.1万/sqm (approx. $1,806/sqm or $168/sqft).
Location & Neighborhood
The property is located at Anjou Shi Sakuramachi 1-24 (安城市桜町1-24), Aichi, Japan. It is a 9-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 36 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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