Overview of Koi Honchou Koopumanshon (己斐本町コープマンション)
Koi Honchou Koopumanshon (己斐本町コープマンション) is a 38-year-old condominium located at Hiroshima Shi Nishiku Koi Honchou 3 Choume 1-6 (広島市西区己斐本町3丁目1-6), Hiroshima, Japan. Built in 1988, it comprises 141 units in a Reinforced Concrete (RC) structure. It was constructed by Andou Kensetsu , Anabuki Koumuten , Goyoukensetsu (安藤建設、 穴吹工務店、 五洋建設).
Pricing & Floor Plans
Price range: 情報なし.
Estimated price per sqm: ¥40.6万/sqm (approx. $2,707/sqm or $251/sqft).
Location & Neighborhood
The property is located at Hiroshima Shi Nishiku Koi Honchou 3 Choume 1-6 (広島市西区己斐本町3丁目1-6), Hiroshima, Japan. It is a 6-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 38 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 141 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.
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