Overview of Ou Kusa Danchi 3 0 2 Tou (押草団地３０２棟)
Ou Kusa Danchi 3 0 2 Tou (押草団地３０２棟) is a 44-year-old condominium located at Aichi Gun Tougou Machi Hakuchou 4 Choume 3-5 (愛知郡東郷町白鳥4丁目3-5), Aichi, Japan. Built in 1982, it comprises 48 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
Price range: 情報なし.
Estimated price per sqm: ¥13.9万/sqm (approx. $925/sqm or $86/sqft).
Location & Neighborhood
The property is located at Aichi Gun Tougou Machi Hakuchou 4 Choume 3-5 (愛知郡東郷町白鳥4丁目3-5), Aichi, Japan. It is a 15-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 44 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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