Overview of Toyokuni Tokuyama Ekimae Sukaimanshon (豊国徳山駅前スカイマンション)
Toyokuni Tokuyama Ekimae Sukaimanshon (豊国徳山駅前スカイマンション) is a 37-year-old condominium located at Shuunan Shi Chikkou Machi 12-1 (周南市築港町12-1), Yamaguchi, Japan. Built in 1989, it comprises 138 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Taiheikougyou (太平工業).
Pricing & Floor Plans
Based on 37 past listings, prices have ranged from 135〜350万円 (approx. $9,000–$23,333 USD at ¥150/$).
Unit sizes range from 17.9–20.1 sqm (193–216 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1R (Studio).
Location & Neighborhood
The property is located at Shuunan Shi Chikkou Machi 12-1 (周南市築港町12-1), Yamaguchi, 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 37 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 138 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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