Overview of Hooyuuparesu Niigata Kameda (ホーユウパレス新潟亀田)
Hooyuuparesu Niigata Kameda (ホーユウパレス新潟亀田) is a 35-year-old condominium located at Niigatashi Kounan Ku Kameda Shi Tsu Okino 3 Choume 1-81 (新潟市江南区亀田四ツ興野3丁目1-81), Niigata, Japan. Built in 1991, it comprises 56 units in a Reinforced Concrete (RC) structure. It was constructed by Oyanagi Kensetsu (小柳建設).
Pricing & Floor Plans
Based on 22 past listings, prices have ranged from 520〜1,199万円 (approx. $34,667–$79,933 USD at ¥150/$).
Unit sizes range from 62.4–77.5 sqm (672–834 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2LDK (2-bedroom w/ living-dining-kitchen), 4DK (4-bedroom w/ dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Location & Neighborhood
The property is located at Niigatashi Kounan Ku Kameda Shi Tsu Okino 3 Choume 1-81 (新潟市江南区亀田四ツ興野3丁目1-81), Niigata, Japan. It is a 15-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 35 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 56 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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