Overview of Fushiya Paakuhaitsu (伏屋パークハイツ)
Fushiya Paakuhaitsu (伏屋パークハイツ) is a 27-year-old condominium located at Nagoyashi Nakagawa Kuchou Suga 3 Choume 601 (名古屋市中川区長須賀3丁目601), Aichi, Japan. Built in 1999, it comprises 49 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Kagata Kumi (加賀田組).
Pricing & Floor Plans
Based on 14 past listings, prices have ranged from 1,350〜1,980万円 (approx. $90,000–$132,000 USD at ¥150/$).
Unit sizes range from 72.7–85.2 sqm (783–917 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: ¥23.3万/sqm (approx. $1,556/sqm or $145/sqft).
Location & Neighborhood
The property is located at Nagoyashi Nakagawa Kuchou Suga 3 Choume 601 (名古屋市中川区長須賀3丁目601), 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 27 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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