Overview of Touka Dai Paakuhiruzu Goban Kan (桃花台パークヒルズ五番館)
Touka Dai Paakuhiruzu Goban Kan (桃花台パークヒルズ五番館) is a 29-year-old condominium located at Komaki Shi Shiroyama 2 Choume 11 (小牧市城山2丁目11), Aichi, Japan. Built in 1997, it comprises 139 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Taiseikensetsu , Shimizukensetsu (大成建設、 清水建設).
Pricing & Floor Plans
Based on 40 past listings, prices have ranged from 490〜1,480万円 (approx. $32,667–$98,667 USD at ¥150/$).
Unit sizes range from 72.8–94.3 sqm (784–1015 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥11.3万/sqm (approx. $751/sqm or $70/sqft).
Location & Neighborhood
The property is located at Komaki Shi Shiroyama 2 Choume 11 (小牧市城山2丁目11), 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 29 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 139 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.
Analyze this property's fair price and negotiation room for free at RE:public.