Overview of Shouwa Orito Machi Hiruzu (昭和折戸町ヒルズ)
Shouwa Orito Machi Hiruzu (昭和折戸町ヒルズ) is a 26-year-old condominium located at Nagoyashi Shouwaku Orito Machi 2 Choume 14 (名古屋市昭和区折戸町2丁目14), Aichi, Japan. Built in 2000, it comprises 32 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Arai Kumi (新井組).
Pricing & Floor Plans
Based on 15 past listings, prices have ranged from 2,280〜3,650万円 (approx. $152,000–$243,333 USD at ¥150/$).
Unit sizes range from 75.0–91.0 sqm (807–980 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥42.5万/sqm (approx. $2,830/sqm or $263/sqft).
Location & Neighborhood
The property is located at Nagoyashi Shouwaku Orito Machi 2 Choume 14 (名古屋市昭和区折戸町2丁目14), Aichi, Japan. It is a 10-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 26 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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