Overview of Touwa Shiteihoomuzu Shingifu (藤和シティホームズ新岐阜)
Touwa Shiteihoomuzu Shingifu (藤和シティホームズ新岐阜) is a 28-year-old condominium located at Gifushi Hakusanchou 3 Choume 2-3 (岐阜市白山町3丁目2-3), Gifu, Japan. Built in 1998, it comprises 40 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Toku Kura Kensetsu (徳倉建設).
Pricing & Floor Plans
Based on 44 past listings, prices have ranged from 1,380〜2,680万円 (approx. $92,000–$178,667 USD at ¥150/$).
Unit sizes range from 75.8–90.4 sqm (816–973 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3LDK (3-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥29.1万/sqm (approx. $1,939/sqm or $180/sqft).
Location & Neighborhood
The property is located at Gifushi Hakusanchou 3 Choume 2-3 (岐阜市白山町3丁目2-3), Gifu, 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 28 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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