Overview of Yuniiburu Arimatsu Gaaden (ユニーブル有松ガーデン)
Yuniiburu Arimatsu Gaaden (ユニーブル有松ガーデン) is a 25-year-old condominium located at Nagoyashi Midoriku Narumi Machi Ubako Yama 218-1 (名古屋市緑区鳴海町姥子山218-1), Aichi, Japan. Built in 2001, it comprises 26 units in a Reinforced Concrete (RC) structure. It was constructed by Nittou Kensetsu (日東建設).
Pricing & Floor Plans
Price range: 情報なし.
Estimated price per sqm: ¥38.9万/sqm (approx. $2,594/sqm or $241/sqft).
Location & Neighborhood
The property is located at Nagoyashi Midoriku Narumi Machi Ubako Yama 218-1 (名古屋市緑区鳴海町姥子山218-1), 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 25 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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