Overview of Apiesu Owari Yokosuka (アピエス尾張横須賀)
Apiesu Owari Yokosuka (アピエス尾張横須賀) is a 29-year-old condominium located at Toukaishi Taka Yokosuka Machi 1 Choume 20 (東海市高横須賀町1丁目20), Aichi, Japan. Built in 1997, it comprises 34 units in a Reinforced Concrete (RC) structure. It was constructed by Nishimatsu Kensetsu (西松建設).
Pricing & Floor Plans
Based on 7 past listings, prices have ranged from 1,390〜2,490万円 (approx. $92,667–$166,000 USD at ¥150/$).
Unit sizes range from 75.2–94.7 sqm (809–1019 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 4SLDK (4-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥19.2万/sqm (approx. $1,279/sqm or $119/sqft).
Location & Neighborhood
The property is located at Toukaishi Taka Yokosuka Machi 1 Choume 20 (東海市高横須賀町1丁目20), Aichi, Japan. It is a 1-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 29 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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