Overview of Saapasu Toorichou Ichiban Kan (サーパス通町一番館)
Saapasu Toorichou Ichiban Kan (サーパス通町一番館) is a 26-year-old condominium located at Kouchishi Toorichou 116-2 (高知市通町116-2), Kochi, Japan. Built in 2000, it comprises 90 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Anabuki Koumuten (穴吹工務店).
Pricing & Floor Plans
Based on 21 past listings, prices have ranged from 1,670〜2,450万円 (approx. $111,333–$163,333 USD at ¥150/$).
Unit sizes range from 62.5–92.1 sqm (673–991 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3LDK (3-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥28.6万/sqm (approx. $1,910/sqm or $177/sqft).
Location & Neighborhood
The property is located at Kouchishi Toorichou 116-2 (高知市通町116-2), Kochi, 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 26 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 90 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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