Overview of Paakuhausu Shukukeien (パークハウス縮景園)
Paakuhausu Shukukeien (パークハウス縮景園) is a 22-year-old condominium located at Hiroshima Shichuu Ku Ue Hatchoubori 3-28 (広島市中区上八丁堀3-28), Hiroshima, Japan. Built in 2004, it comprises 168 units in a Reinforced Concrete (RC) structure. It was constructed by Kounoike Kumi (鴻池組).
Pricing & Floor Plans
Based on 46 past listings, prices have ranged from 2,380〜6,480万円 (approx. $158,667–$432,000 USD at ¥150/$).
Unit sizes range from 61.4–92.8 sqm (661–999 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥60.0万/sqm (approx. $4,000/sqm or $372/sqft).
Location & Neighborhood
The property is located at Hiroshima Shichuu Ku Ue Hatchoubori 3-28 (広島市中区上八丁堀3-28), Hiroshima, Japan. It is a 1-minute walk to the nearest station. This is considered excellent station access in Japan, where most daily errands are done on foot or by train.
Investment Perspective
Scale advantage: With 168 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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