Overview of Sanshitei Funakoshi (サンシティ船越)
Sanshitei Funakoshi (サンシティ船越) is a 37-year-old condominium located at Hiroshima Shi Akiku Funakoshi Minami 2 Choume 5-20 (広島市安芸区船越南2丁目5-20), Hiroshima, Japan. Built in 1989, it comprises 30 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Kyouritsu Kumi (共立組).
Pricing & Floor Plans
Price range: 情報なし.
Estimated price per sqm: ¥39.5万/sqm (approx. $2,636/sqm or $245/sqft).
Location & Neighborhood
The property is located at Hiroshima Shi Akiku Funakoshi Minami 2 Choume 5-20 (広島市安芸区船越南2丁目5-20), Hiroshima, Japan. It is a 12-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 37 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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