Overview of Tawaataun Toukai (タワータウン東海)
Tawaataun Toukai (タワータウン東海) is a 34-year-old condominium located at Toukaishi Ka Kiyamachi Hirako 23-8 (東海市加木屋町平子23-8), Aichi, Japan. Built in 1992, it comprises 38 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Mugishima Kensetsu (麦島建設).
Pricing & Floor Plans
Price range: 情報なし.
Estimated price per sqm: ¥18.6万/sqm (approx. $1,239/sqm or $115/sqft).
Location & Neighborhood
The property is located at Toukaishi Ka Kiyamachi Hirako 23-8 (東海市加木屋町平子23-8), Aichi, Japan. It is a 8-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 34 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.
Analyze this property's fair price and negotiation room for free at RE:public.