Overview of Howaitokyassuru Minami Ke Oka C Tou (ホワイトキャッスル南ヶ丘Ｃ棟)
Howaitokyassuru Minami Ke Oka C Tou (ホワイトキャッスル南ヶ丘Ｃ棟) is a 45-year-old condominium located at Nagoyashi Minamiku Moto Shiomachi 1 Choume 36-3 (名古屋市南区元塩町1丁目36-3), Aichi, Japan. Built in 1981, it comprises 210 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Nishimatsu Kensetsu (西松建設).
Pricing & Floor Plans
Price range: 情報なし.
Estimated price per sqm: ¥9.8万/sqm (approx. $655/sqm or $61/sqft).
Location & Neighborhood
The property is located at Nagoyashi Minamiku Moto Shiomachi 1 Choume 36-3 (名古屋市南区元塩町1丁目36-3), 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 45 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 210 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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