Overview of Touwa Shiteikoopu Hongou (藤和シティコープ本郷)
Touwa Shiteikoopu Hongou (藤和シティコープ本郷) is a 32-year-old condominium located at Nagakute Shi Kumada 2001 (長久手市熊田2001), Aichi, Japan. Built in 1994, it comprises 42 units in a Reinforced Concrete (RC) structure. It was constructed by Fujita (フジタ).
Pricing & Floor Plans
Based on 9 past listings, prices have ranged from 1,300〜2,580万円 (approx. $86,667–$172,000 USD at ¥150/$).
Unit sizes range from 67.7–91.2 sqm (729–982 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen), 5LDK (5-bedroom w/ living-dining-kitchen).
Location & Neighborhood
The property is located at Nagakute Shi Kumada 2001 (長久手市熊田2001), Aichi, Japan. It is a 11-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 32 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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