Overview of Suteitsu Tsushima Suteeshonsukuea (ステイツ津島ステーションスクエア)
Suteitsu Tsushima Suteeshonsukuea (ステイツ津島ステーションスクエア) is a 26-year-old condominium located at Tsushima Shi Fujisato Machi 1 Choume 20 (津島市藤里町1丁目20), Aichi, Japan. Built in 2000, it comprises 76 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Kumagaigumi (熊谷組).
Pricing & Floor Plans
Based on 19 past listings, prices have ranged from 1,160〜2,480万円 (approx. $77,333–$165,333 USD at ¥150/$).
Unit sizes range from 72.5–88.0 sqm (780–947 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥20.6万/sqm (approx. $1,370/sqm or $127/sqft).
Location & Neighborhood
The property is located at Tsushima Shi Fujisato Machi 1 Choume 20 (津島市藤里町1丁目20), Aichi, Japan. It is a 2-minute walk to the nearest station. This is considered excellent station access in Japan, where most daily errands are done on foot or by train.
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.
Scale advantage: With 76 units, this is a relatively large condominium. Larger buildings typically benefit from lower per-unit maintenance and repair reserve costs.
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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