Overview of Nyuukoopo Mei Minami (ニューコーポ名南)
Nyuukoopo Mei Minami (ニューコーポ名南) is a 39-year-old condominium located at Nagoyashi Minatoku Kiba Machi 6-7 (名古屋市港区木場町6-7), Aichi, Japan. Built in 1987, it comprises 344 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Arai Kumi (新井組).
Pricing & Floor Plans
Based on 116 past listings, prices have ranged from 700〜1,950万円 (approx. $46,667–$130,000 USD at ¥150/$).
Unit sizes range from 62.0–83.4 sqm (667–898 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1LDK (1-bedroom w/ living-dining-kitchen), 4DK (4-bedroom w/ dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥14.7万/sqm (approx. $980/sqm or $91/sqft).
Location & Neighborhood
The property is located at Nagoyashi Minatoku Kiba Machi 6-7 (名古屋市港区木場町6-7), Aichi, Japan. It is a 13-minute walk to the nearest station. In Japan, station proximity significantly affects property values and daily convenience.
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 39 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 344 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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