Overview of Shin'ei Manshon Higashi Kariya (真栄マンション東刈谷)
Shin'ei Manshon Higashi Kariya (真栄マンション東刈谷) is a 37-year-old condominium located at Kariyashi Itakura Machi 3 Choume 7-12 (刈谷市板倉町3丁目7-12), Aichi, Japan. Built in 1989, it comprises 41 units in a Reinforced Concrete (RC) structure. It was constructed by Maeda Kensetsu Kougyou (前田建設工業).
Pricing & Floor Plans
Based on 44 past listings, prices have ranged from 890〜2,280万円 (approx. $59,333–$152,000 USD at ¥150/$).
Unit sizes range from 64.2–87.7 sqm (691–944 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 1LDK (1-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥26.9万/sqm (approx. $1,794/sqm or $167/sqft).
Location & Neighborhood
The property is located at Kariyashi Itakura Machi 3 Choume 7-12 (刈谷市板倉町3丁目7-12), 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 37 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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