Overview of Touwa Shiteikoopu Hishino Nishi 1 (藤和シティコープ菱野西１)
Touwa Shiteikoopu Hishino Nishi 1 (藤和シティコープ菱野西１) is a 36-year-old condominium located at Seto Shi Hakusanchou 1 Choume 66-2 (瀬戸市白山町1丁目66-2), Aichi, Japan. Built in 1990, it comprises 75 units in a Reinforced Concrete (RC) structure. It was constructed by Nishimatsu Kensetsu (西松建設).
Pricing & Floor Plans
Based on 27 past listings, prices have ranged from 500〜1,780万円 (approx. $33,333–$118,667 USD at ¥150/$).
Unit sizes range from 62.8–77.2 sqm (676–831 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1SLDK (1-bedroom w/ living-dining-kitchen + service room), 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 4LDK (4-bedroom w/ living-dining-kitchen), 4DK (4-bedroom w/ dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥23.4万/sqm (approx. $1,561/sqm or $145/sqft).
Location & Neighborhood
The property is located at Seto Shi Hakusanchou 1 Choume 66-2 (瀬戸市白山町1丁目66-2), 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 36 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 75 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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