Overview of Konseeru Meijou Kouen (コンセール名城公園)
Konseeru Meijou Kouen (コンセール名城公園) is a 28-year-old condominium located at Nagoyashi Kitaku Kinjou 1 Choume 3-12 (名古屋市北区金城1丁目3-12), Aichi, Japan. Built in 1998, it comprises 13 units in a Reinforced Concrete (RC) structure. It was constructed by Arai Kumi (新井組).
Pricing & Floor Plans
Based on 12 past listings, prices have ranged from 1,980〜2,899万円 (approx. $132,000–$193,267 USD at ¥150/$).
Unit sizes range from 74.2–74.8 sqm (799–805 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥37.0万/sqm (approx. $2,464/sqm or $229/sqft).
Location & Neighborhood
The property is located at Nagoyashi Kitaku Kinjou 1 Choume 3-12 (名古屋市北区金城1丁目3-12), 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 28 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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