Overview of Sanshitei Matsue Eki Touri (サンシティ松江駅通り)
Sanshitei Matsue Eki Touri (サンシティ松江駅通り) is a 24-year-old condominium located at Matsue Shi Touchou Nichi Machi 125 (松江市東朝日町125), Shimane, Japan. Built in 2002, it comprises 79 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Kyouritsu (共立).
Pricing & Floor Plans
Price range: 情報なし.
Estimated price per sqm: ¥32.7万/sqm (approx. $2,181/sqm or $203/sqft).
Location & Neighborhood
The property is located at Matsue Shi Touchou Nichi Machi 125 (松江市東朝日町125), Shimane, Japan. It is a 3-minute walk to the nearest station. This is considered excellent station access in Japan, where most daily errands are done on foot or by train.
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 24 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 79 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.
Analyze this property's fair price and negotiation room for free at RE:public.