Overview of Takara Higashi Shin Haitsu (宝東新ハイツ)
Takara Higashi Shin Haitsu (宝東新ハイツ) is a 47-year-old condominium located at Nagoyashi Higashiku Higashisakura 2 Choume 14-10 (名古屋市東区東桜2丁目14-10), Aichi, Japan. Built in 1979, it comprises 27 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Oobayashi Kumi (大林組).
Pricing & Floor Plans
Based on 29 past listings, prices have ranged from 430〜1,990万円 (approx. $28,667–$132,667 USD at ¥150/$).
Unit sizes range from 27.5–56.4 sqm (296–607 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2K (2-bedroom w/ kitchen), 1LDK (1-bedroom w/ living-dining-kitchen), 1K (1-bedroom w/ kitchen), 2DK (2-bedroom w/ dining-kitchen), 1DK (1-bedroom w/ dining-kitchen).
Estimated price per sqm: ¥20.8万/sqm (approx. $1,389/sqm or $129/sqft).
Location & Neighborhood
The property is located at Nagoyashi Higashiku Higashisakura 2 Choume 14-10 (名古屋市東区東桜2丁目14-10), Aichi, 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
Seismic standards: Built in 1979, 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 47 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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