Overview of Sanpaaku Meikou (サンパーク名港)
Sanpaaku Meikou (サンパーク名港) is a 33-year-old condominium located at Nagoyashi Minatoku Meikou 2 Choume 3-5 (名古屋市港区名港2丁目3-5), Aichi, Japan. Built in 1993, it comprises 47 units in a Reinforced Concrete (RC) structure. It was constructed by Nihonkokudokaihatsu (日本国土開発).
Pricing & Floor Plans
Based on 27 past listings, prices have ranged from 490〜1,680万円 (approx. $32,667–$112,000 USD at ¥150/$).
Unit sizes range from 34.3–71.9 sqm (369–774 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), 1DK (1-bedroom w/ dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥22.4万/sqm (approx. $1,494/sqm or $139/sqft).
Location & Neighborhood
The property is located at Nagoyashi Minatoku Meikou 2 Choume 3-5 (名古屋市港区名港2丁目3-5), Aichi, Japan. It is a 6-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 33 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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