Overview of V I P Manshon Meikou (ＶＩＰマンション名港)
V I P Manshon Meikou (ＶＩＰマンション名港) is a 42-year-old condominium located at Nagoyashi Minatoku Meikou 2 Choume 3-16 (名古屋市港区名港2丁目3-16), Aichi, Japan. Built in 1984, it comprises 50 units in a Reinforced Concrete (RC) structure. It was constructed by Nissan Kensetsu (日産建設).
Pricing & Floor Plans
Based on 29 past listings, prices have ranged from 350〜1,300万円 (approx. $23,333–$86,667 USD at ¥150/$).
Unit sizes range from 50.3–62.4 sqm (541–672 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1LDK (1-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen), 4DK (4-bedroom w/ dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen), 3DK (3-bedroom w/ dining-kitchen).
Estimated price per sqm: ¥11.9万/sqm (approx. $793/sqm or $74/sqft).
Location & Neighborhood
The property is located at Nagoyashi Minatoku Meikou 2 Choume 3-16 (名古屋市港区名港2丁目3-16), Aichi, Japan. It is a 4-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 42 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 50 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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