Overview of Mejiro Hiruzu (目白ヒルズ)
Mejiro Hiruzu (目白ヒルズ) is a 30-year-old condominium located at Toyoshima Ku Mejiro 2 Choume 16-10 (豊島区目白2丁目16-10), Tokyo, Japan. Built in 1996, it comprises 33 units in a Reinforced Concrete (RC) structure. It was constructed by Sumitomokensetsu , Nakanofudoo Kensetsu (住友建設、 ナカノフドー建設).
Pricing & Floor Plans
Based on 20 past listings, prices have ranged from 4,200〜16,000万円 (approx. $280,000–$1,066,667 USD at ¥150/$).
Unit sizes range from 59.6–81.9 sqm (642–882 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2LDK (2-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥178.2万/sqm (approx. $11,881/sqm or $1,104/sqft).
Location & Neighborhood
The property is located at Toyoshima Ku Mejiro 2 Choume 16-10 (豊島区目白2丁目16-10), Tokyo, Japan. It is a 7-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 30 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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