Overview of Meitsu Oobu (メイツ大府)
Meitsu Oobu (メイツ大府) is a 38-year-old condominium located at Oobu Shi Tsukimi Machi 1 Choume 233 (大府市月見町1丁目233), Aichi, Japan. Built in 1988, it comprises 55 units in a Reinforced Concrete (RC) structure. It was constructed by Toda Kensetsu (戸田建設).
Pricing & Floor Plans
Based on 49 past listings, prices have ranged from 1,180〜2,185万円 (approx. $78,667–$145,667 USD at ¥150/$).
Unit sizes range from 64.9–94.1 sqm (699–1013 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1LDK (1-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 3SLDK (3-bedroom w/ living-dining-kitchen + service room).
Estimated price per sqm: ¥23.7万/sqm (approx. $1,579/sqm or $147/sqft).
Location & Neighborhood
The property is located at Oobu Shi Tsukimi Machi 1 Choume 233 (大府市月見町1丁目233), Aichi, Japan. It is a 4-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 38 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 55 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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