Overview of Nomura Miyoshi Ke Oka Hiruzu Goban Kan (野村三好ヶ丘ヒルズ五番館)
Nomura Miyoshi Ke Oka Hiruzu Goban Kan (野村三好ヶ丘ヒルズ五番館) is a 31-year-old condominium located at Miyoshi Ichizou Kou Oka 5 Choume 1-11 (みよし市三好丘5丁目1-11), Aichi, Japan. Built in 1995, it comprises 36 units in a Reinforced Concrete (RC) structure. It was constructed by Takenakakoumuten (竹中工務店).
Pricing & Floor Plans
Based on 15 past listings, prices have ranged from 1,230〜2,180万円 (approx. $82,000–$145,333 USD at ¥150/$).
Unit sizes range from 73.4–87.5 sqm (790–942 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4SLDK (4-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen).
Location & Neighborhood
The property is located at Miyoshi Ichizou Kou Oka 5 Choume 1-11 (みよし市三好丘5丁目1-11), Aichi, Japan. It is a 9-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 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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