Overview of Taun Denji Yama (タウン伝治山)
Taun Denji Yama (タウン伝治山) is a 45-year-old condominium located at Nagoyashi Midoriku Narumi Machi Denji Yama 1-2 (名古屋市緑区鳴海町伝治山1-2), Aichi, Japan. Built in 1981, it comprises 248 units in a Reinforced Concrete (RC) structure. It was constructed by Juutaku ・ Toshi Seibi Koudan (住宅・都市整備公団).
Pricing & Floor Plans
Based on 108 past listings, prices have ranged from 700〜2,080万円 (approx. $46,667–$138,667 USD at ¥150/$).
Unit sizes range from 86.2–99.5 sqm (928–1071 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4SLDK (4-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen), 4DK (4-bedroom w/ dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥7.9万/sqm (approx. $527/sqm or $49/sqft).
Location & Neighborhood
The property is located at Nagoyashi Midoriku Narumi Machi Denji Yama 1-2 (名古屋市緑区鳴海町伝治山1-2), Aichi, 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 45 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 248 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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