Overview of Hiruzu Kanemachi (ヒルズ金町)
Hiruzu Kanemachi (ヒルズ金町) is a 25-year-old condominium located at Katsushikaku Kanemachi 2 Choume 10-18 (葛飾区金町2丁目10-18), Tokyo, Japan. Built in 2001, it comprises 32 units in a Reinforced Concrete (RC) structure. It was constructed by Oobayashi Kumi (大林組).
Pricing & Floor Plans
Based on 39 past listings, prices have ranged from 2,599〜5,780万円 (approx. $173,267–$385,333 USD at ¥150/$).
Unit sizes range from 68.9–85.5 sqm (742–920 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 3SLDK (3-bedroom w/ living-dining-kitchen + service room).
Estimated price per sqm: ¥70.6万/sqm (approx. $4,707/sqm or $437/sqft).
Location & Neighborhood
The property is located at Katsushikaku Kanemachi 2 Choume 10-18 (葛飾区金町2丁目10-18), Tokyo, Japan. It is a 9-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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