Overview of Higashi Shin Koopo (東新コーポ)
Higashi Shin Koopo (東新コーポ) is a 55-year-old condominium located at Nagoyashi Nakaku Shin'ei 1 Choume 20-8 (名古屋市中区新栄1丁目20-8), Aichi, Japan. Built in 1971, it comprises 30 units in a Reinforced Concrete (RC) structure. It was constructed by Kyouwa Kensetsu (協和建設).
Pricing & Floor Plans
Based on 39 past listings, prices have ranged from 450〜1,480万円 (approx. $30,000–$98,667 USD at ¥150/$).
Unit sizes range from 38.4–73.1 sqm (413–787 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 1LDK (1-bedroom w/ living-dining-kitchen), 2DK (2-bedroom w/ dining-kitchen), 1DK (1-bedroom w/ dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥20.3万/sqm (approx. $1,353/sqm or $126/sqft).
Location & Neighborhood
The property is located at Nagoyashi Nakaku Shin'ei 1 Choume 20-8 (名古屋市中区新栄1丁目20-8), Aichi, Japan. It is a 6-minute walk to the nearest station. This is considered good station access by Japanese standards.
Investment Perspective
Seismic standards: Built in 1971, this property predates Japan's 1981 New Seismic Design Standards (新耐震基準). Buildings constructed before June 1981 were built to older earthquake resistance codes. Buyers should consider seismic retrofit status.
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 55 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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