Overview of Touwa Shiteikoopu Fuji Ke Oka 2 (藤和シティコープ藤ヶ丘２)
Touwa Shiteikoopu Fuji Ke Oka 2 (藤和シティコープ藤ヶ丘２) is a 31-year-old condominium located at Nagakute Shi Tsukada 1801 (長久手市塚田1801), Aichi, Japan. Built in 1995, it comprises 43 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Fujita (フジタ).
Pricing & Floor Plans
Price range: 情報なし.
Estimated price per sqm: ¥26.6万/sqm (approx. $1,773/sqm or $165/sqft).
Location & Neighborhood
The property is located at Nagakute Shi Tsukada 1801 (長久手市塚田1801), Aichi, Japan. It is a 11-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 31 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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