Overview of Saapasu Nakasuka (サーパス中須賀)
Saapasu Nakasuka (サーパス中須賀) is a 34-year-old condominium located at Niihama Shichuu Sugachou 1 Choume 3 (新居浜市中須賀町1丁目3), Ehime, Japan. Built in 1992, it comprises 167 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Anabuki Koumuten (穴吹工務店).
Pricing & Floor Plans
Based on 63 past listings, prices have ranged from 550〜1,730万円 (approx. $36,667–$115,333 USD at ¥150/$).
Unit sizes range from 61.6–97.1 sqm (663–1045 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥11.0万/sqm (approx. $731/sqm or $68/sqft).
Location & Neighborhood
The property is located at Niihama Shichuu Sugachou 1 Choume 3 (新居浜市中須賀町1丁目3), Ehime, Japan. It is a 30-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 34 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 167 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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