Overview of Soreiyu Meitou (ソレイユ名東)
Soreiyu Meitou (ソレイユ名東) is a 44-year-old condominium located at Nagoyashi Meitou Ku Takabari 1 Choume 1702 (名古屋市名東区高針1丁目1702), Aichi, Japan. Built in 1982, it comprises 16 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Fuji Kou (富士工).
Pricing & Floor Plans
Price range: 情報なし.
Estimated price per sqm: ¥14.7万/sqm (approx. $977/sqm or $91/sqft).
Location & Neighborhood
The property is located at Nagoyashi Meitou Ku Takabari 1 Choume 1702 (名古屋市名東区高針1丁目1702), Aichi, 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 44 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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