Overview of Saapasu Jakusui (サーパス若水)
Saapasu Jakusui (サーパス若水) is a 26-year-old condominium located at Niihama Shi Jakusui Machi 2 Choume 3 (新居浜市若水町2丁目3), Ehime, Japan. Built in 2000, it comprises 45 units in a Reinforced Concrete (RC) structure. It was constructed by Anabuki Koumuten (穴吹工務店).
Pricing & Floor Plans
Based on 30 past listings, prices have ranged from 1,100〜1,580万円 (approx. $73,333–$105,333 USD at ¥150/$).
Unit sizes range from 70.8–90.1 sqm (762–970 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 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: ¥18.2万/sqm (approx. $1,213/sqm or $113/sqft).
Location & Neighborhood
The property is located at Niihama Shi Jakusui Machi 2 Choume 3 (新居浜市若水町2丁目3), Ehime, Japan. It is a 36-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 26 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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