Overview of Saapasu Toku Shimanaka Ou Kouen (サーパス徳島中央公園)
Saapasu Toku Shimanaka Ou Kouen (サーパス徳島中央公園) is a 23-year-old condominium located at Toku Shima Shi Toku Shima Machi 2 Choume 32-1 (徳島市徳島町2丁目32-1), Tokushima, Japan. Built in 2003, it comprises 74 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Anabuki Koumuten (穴吹工務店).
Pricing & Floor Plans
Price range: 情報なし.
Estimated price per sqm: ¥31.2万/sqm (approx. $2,082/sqm or $193/sqft).
Location & Neighborhood
The property is located at Toku Shima Shi Toku Shima Machi 2 Choume 32-1 (徳島市徳島町2丁目32-1), Tokushima, Japan. It is a 13-minute walk to the nearest station. In Japan, station proximity significantly affects property values and daily convenience.
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 23 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 74 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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