Overview of Orientoguriinhaitsu Sumi Ike (オリエントグリーンハイツ澄池)
Orientoguriinhaitsu Sumi Ike (オリエントグリーンハイツ澄池) is a 35-year-old condominium located at Nagoyashi Nakagawa Ku Sumi Ike Machi 12-28 (名古屋市中川区澄池町12-28), Aichi, Japan. Built in 1991, it comprises 64 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Andou Kensetsu (安藤建設).
Pricing & Floor Plans
Based on 27 past listings, prices have ranged from 1,380〜2,280万円 (approx. $92,000–$152,000 USD at ¥150/$).
Unit sizes range from 58.3–85.3 sqm (628–918 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3DK (3-bedroom w/ dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥27.1万/sqm (approx. $1,803/sqm or $168/sqft).
Location & Neighborhood
The property is located at Nagoyashi Nakagawa Ku Sumi Ike Machi 12-28 (名古屋市中川区澄池町12-28), Aichi, Japan. It is a 18-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 35 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 64 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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