Overview of Koopu Nomura Handa 1 Goutou (コープ野村半田１号棟)
Koopu Nomura Handa 1 Goutou (コープ野村半田１号棟) is a 43-year-old condominium located at Handa Shi Horisaki Machi 2 Choume 17 (半田市堀崎町2丁目17), Aichi, Japan. Built in 1983, it comprises 24 units in a Reinforced Concrete (RC) structure. It was constructed by Shimizukensetsu (清水建設).
Pricing & Floor Plans
Price range: 情報なし.
Estimated price per sqm: ¥8.9万/sqm (approx. $595/sqm or $55/sqft).
Location & Neighborhood
The property is located at Handa Shi Horisaki Machi 2 Choume 17 (半田市堀崎町2丁目17), Aichi, Japan. It is a 8-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 43 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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