Overview of Nyuukoopo Nanyou (ニューコーポ南陽)
Nyuukoopo Nanyou (ニューコーポ南陽) is a 37-year-old condominium located at Nagoyashi Minatoku Sendou Ba 2 Choume 221-1 (名古屋市港区船頭場2丁目221-1), Aichi, Japan. Built in 1989, it comprises 30 units in a Reinforced Concrete (RC) structure. It was constructed by Arai Kumi (新井組).
Pricing & Floor Plans
Based on 17 past listings, prices have ranged from 540〜1,599万円 (approx. $36,000–$106,600 USD at ¥150/$).
Unit sizes range from 68.9–90.7 sqm (742–976 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: ¥9.4万/sqm (approx. $627/sqm or $58/sqft).
Location & Neighborhood
The property is located at Nagoyashi Minatoku Sendou Ba 2 Choume 221-1 (名古屋市港区船頭場2丁目221-1), Aichi, Japan. It is a 8-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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