Overview of Paakushitei Kounan (パークシティ江南)
Paakushitei Kounan (パークシティ江南) is a 28-year-old condominium located at Kounan Shi Higashino Machi Kami Ue 129 (江南市東野町神上129), Aichi, Japan. Built in 1998, it comprises 468 units in a Reinforced Concrete (RC) structure. It was constructed by Mitsuikensetsu (三井建設).
Pricing & Floor Plans
Price range: 情報なし.
Estimated price per sqm: ¥14.9万/sqm (approx. $991/sqm or $92/sqft).
Location & Neighborhood
The property is located at Kounan Shi Higashino Machi Kami Ue 129 (江南市東野町神上129), Aichi, Japan. It is a 25-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 28 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 468 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.
Analyze this property's fair price and negotiation room for free at RE:public.