Overview of Shatore Ai Matsu Tokushige (シャトレ愛松徳重)
Shatore Ai Matsu Tokushige (シャトレ愛松徳重) is a 27-year-old condominium located at Kitanagoya Shi Tokushige 47-1 (北名古屋市徳重47-1), Aichi, Japan. Built in 1999, it comprises 56 units in a Reinforced Concrete (RC) structure. It was constructed by Kurimoto Kensetsu Kougyou (栗本建設工業).
Pricing & Floor Plans
Based on 27 past listings, prices have ranged from 1,380〜2,490万円 (approx. $92,000–$166,000 USD at ¥150/$).
Unit sizes range from 73.5–84.2 sqm (791–906 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥27.6万/sqm (approx. $1,837/sqm or $171/sqft).
Location & Neighborhood
The property is located at Kitanagoya Shi Tokushige 47-1 (北名古屋市徳重47-1), Aichi, Japan. It is a 8-minute walk to the nearest station. This is considered good station access by Japanese standards.
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 27 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 56 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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