Overview of Higashi Chigusa Dai Haitsu (東千種台ハイツ)
Higashi Chigusa Dai Haitsu (東千種台ハイツ) is a 53-year-old condominium located at Nagoyashi Chikusaku Higashi Chigusa Dai 14-9 (名古屋市千種区東千種台14-9), Aichi, Japan. Built in 1973, it comprises 20 units in a Reinforced Concrete (RC) structure. It was constructed by Noubi Sangyou (濃尾産業).
Pricing & Floor Plans
Based on 30 past listings, prices have ranged from 400〜1,099万円 (approx. $26,667–$73,267 USD at ¥150/$).
Unit sizes range from 54.0–54.0 sqm (581–581 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2LDK (2-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥12.8万/sqm (approx. $850/sqm or $79/sqft).
Location & Neighborhood
The property is located at Nagoyashi Chikusaku Higashi Chigusa Dai 14-9 (名古屋市千種区東千種台14-9), Aichi, Japan. It is a 33-minute walk to the nearest station. In Japan, station proximity significantly affects property values and daily convenience.
Investment Perspective
Seismic standards: Built in 1973, this property predates Japan's 1981 New Seismic Design Standards (新耐震基準). Buildings constructed before June 1981 were built to older earthquake resistance codes. Buyers should consider seismic retrofit status.
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 53 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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