Overview of San Ou Manshon Higashiokazaki (三旺マンション東岡崎)
San Ou Manshon Higashiokazaki (三旺マンション東岡崎) is a 42-year-old condominium located at Okazakishi Sugou Machi Kanisawa 12-1 (岡崎市菅生町蟹沢12-1), Aichi, Japan. Built in 1984, it comprises 39 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Satou Kougyou (佐藤工業).
Pricing & Floor Plans
Price range: 情報なし.
Estimated price per sqm: ¥15.2万/sqm (approx. $1,012/sqm or $94/sqft).
Location & Neighborhood
The property is located at Okazakishi Sugou Machi Kanisawa 12-1 (岡崎市菅生町蟹沢12-1), 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 42 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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