Overview of Esupoa Nisshin (エスポア日進)
Esupoa Nisshin (エスポア日進) is a 36-year-old condominium located at Nisshin Shi Orito Machi Kareki 21-29 (日進市折戸町枯木21-29), Aichi, Japan. Built in 1990, it comprises 100 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Toukaikougyou (東海興業).
Pricing & Floor Plans
Based on 55 past listings, prices have ranged from 830〜1,880万円 (approx. $55,333–$125,333 USD at ¥150/$).
Unit sizes range from 72.1–85.3 sqm (776–918 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥16.9万/sqm (approx. $1,124/sqm or $104/sqft).
Location & Neighborhood
The property is located at Nisshin Shi Orito Machi Kareki 21-29 (日進市折戸町枯木21-29), Aichi, Japan. It is a 12-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 36 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 100 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.
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