Overview of Koopu Nomura Kyouwa B Tou (コープ野村共和Ｂ棟)
Koopu Nomura Kyouwa B Tou (コープ野村共和Ｂ棟) is a 45-year-old condominium located at Oobu Shi Higashishinmachi 3 Choume 1-1 (大府市東新町3丁目1-1), Aichi, Japan. Built in 1981, it comprises 136 units in a Reinforced Concrete (RC) structure. It was constructed by Shimizukensetsu (清水建設).
Pricing & Floor Plans
Based on 38 past listings, prices have ranged from 980〜1,880万円 (approx. $65,333–$125,333 USD at ¥150/$).
Unit sizes range from 76.5–95.8 sqm (823–1031 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3LDK (3-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥15.2万/sqm (approx. $1,011/sqm or $94/sqft).
Location & Neighborhood
The property is located at Oobu Shi Higashishinmachi 3 Choume 1-1 (大府市東新町3丁目1-1), Aichi, Japan. It is a 6-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 45 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 136 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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