Overview of Touwa Shiteikoopu Higashiokazaki (藤和シティコープ東岡崎)
Touwa Shiteikoopu Higashiokazaki (藤和シティコープ東岡崎) is a 29-year-old condominium located at Okazakishi Meidai Teramachi Chuudou 72 (岡崎市明大寺町中道72), Aichi, Japan. Built in 1997, it comprises 32 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Toku Kura Kensetsu (徳倉建設).
Pricing & Floor Plans
Based on 5 past listings, prices have ranged from 1,380〜2,150万円 (approx. $92,000–$143,333 USD at ¥150/$).
Unit sizes range from 77.8–79.8 sqm (837–859 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: ¥26.0万/sqm (approx. $1,735/sqm or $161/sqft).
Location & Neighborhood
The property is located at Okazakishi Meidai Teramachi Chuudou 72 (岡崎市明大寺町中道72), Aichi, Japan. It is a 10-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 29 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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