Overview of Puraimugaaden Nisshin Ni Ban Kan (プライムガーデン日進弐番館)
Puraimugaaden Nisshin Ni Ban Kan (プライムガーデン日進弐番館) is a 27-year-old condominium located at Nisshin Shi Sakae 2 Choume 1001 (日進市栄2丁目1001), Aichi, Japan. Built in 1999, it comprises 133 units in a Reinforced Concrete (RC) structure. It was constructed by Mitsuikensetsu (三井建設).
Pricing & Floor Plans
Based on 17 past listings, prices have ranged from 1,800〜2,480万円 (approx. $120,000–$165,333 USD at ¥150/$).
Unit sizes range from 77.5–84.5 sqm (834–910 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 3SLDK (3-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥26.9万/sqm (approx. $1,792/sqm or $166/sqft).
Location & Neighborhood
The property is located at Nisshin Shi Sakae 2 Choume 1001 (日進市栄2丁目1001), Aichi, Japan. It is a 1-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 27 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 133 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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