Overview of Itsukaichi Chuuou Paakumanshon (五日市中央パークマンション)
Itsukaichi Chuuou Paakumanshon (五日市中央パークマンション) is a 44-year-old condominium located at Hiroshima Shi Saekiku Itsukaichi Chuuou 3 Choume 1-15 (広島市佐伯区五日市中央3丁目1-15), Hiroshima, Japan. Built in 1982, it comprises 28 units in a Reinforced Concrete (RC) structure. It was constructed by Goyoukensetsu (五洋建設).
Pricing & Floor Plans
Price range: 情報なし.
Estimated price per sqm: ¥32.2万/sqm (approx. $2,148/sqm or $200/sqft).
Location & Neighborhood
The property is located at Hiroshima Shi Saekiku Itsukaichi Chuuou 3 Choume 1-15 (広島市佐伯区五日市中央3丁目1-15), Hiroshima, Japan. It is a 10-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 44 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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