Overview of Iwakura Sukaimanshon (岩倉スカイマンション)
Iwakura Sukaimanshon (岩倉スカイマンション) is a 38-year-old condominium located at Iwakura Shi Shouwachou 2 Choume 19 (岩倉市昭和町2丁目19), Aichi, Japan. Built in 1988, it comprises 32 units in a Reinforced Concrete (RC) structure. It was constructed by Toua Kensetsu Kougyou (東亜建設工業).
Pricing & Floor Plans
Based on 14 past listings, prices have ranged from 800〜2,490万円 (approx. $53,333–$166,000 USD at ¥150/$).
Unit sizes range from 50.4–89.2 sqm (543–960 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3LDK (3-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen).
Location & Neighborhood
The property is located at Iwakura Shi Shouwachou 2 Choume 19 (岩倉市昭和町2丁目19), Aichi, Japan. It is a 7-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 38 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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