Overview of Neohaitsu Shimada Higashi 2 (ネオハイツ島田東２)
Neohaitsu Shimada Higashi 2 (ネオハイツ島田東２) is a 30-year-old condominium located at Nagoyashi Tenhakuku Takashima 2 Choume 808 (名古屋市天白区高島2丁目808), Aichi, Japan. Built in 1996, it comprises 27 units in a Reinforced Concrete (RC) structure. It was constructed by Asanuma Kumi (浅沼組).
Pricing & Floor Plans
Price range: 情報なし.
Estimated price per sqm: ¥22.6万/sqm (approx. $1,507/sqm or $140/sqft).
Location & Neighborhood
The property is located at Nagoyashi Tenhakuku Takashima 2 Choume 808 (名古屋市天白区高島2丁目808), Aichi, Japan. It is a 20-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 30 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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