Overview of Shatoree Akashi Kouen (シャトレー明石公園)
Shatoree Akashi Kouen (シャトレー明石公園) is a 35-year-old condominium located at Hekinan Ichimatsu Kou Machi 5 Choume 37 (碧南市松江町5丁目37), Aichi, Japan. Built in 1991, it comprises 25 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Okada Kumi (岡田組).
Pricing & Floor Plans
Based on 12 past listings, prices have ranged from 750〜1,650万円 (approx. $50,000–$110,000 USD at ¥150/$).
Unit sizes range from 64.9–84.1 sqm (699–905 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3LDK (3-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen).
Location & Neighborhood
The property is located at Hekinan Ichimatsu Kou Machi 5 Choume 37 (碧南市松江町5丁目37), Aichi, Japan. It is a 12-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 35 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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