Overview of Shin'ei Manshon Nishiura (真栄マンション西浦)
Shin'ei Manshon Nishiura (真栄マンション西浦) is a 43-year-old condominium located at Yokkaichi Shi U No Mori 2 Choume 7-21 (四日市市鵜の森2丁目7-21), Mie, Japan. Built in 1983, it comprises 36 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Hattori Kumi , Kuni (服部組、 六合).
Pricing & Floor Plans
Based on 14 past listings, prices have ranged from 680〜1,749万円 (approx. $45,333–$116,600 USD at ¥150/$).
Unit sizes range from 58.5–75.2 sqm (630–809 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3LDK (3-bedroom w/ living-dining-kitchen), 4DK (4-bedroom w/ dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen), 3DK (3-bedroom w/ dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥19.3万/sqm (approx. $1,287/sqm or $120/sqft).
Location & Neighborhood
The property is located at Yokkaichi Shi U No Mori 2 Choume 7-21 (四日市市鵜の森2丁目7-21), Mie, Japan. It is a 9-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 43 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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