Overview of Kanoeuma Kita Sanchoume Paakuhoomuzu (庚午北三丁目パークホームズ)
Kanoeuma Kita Sanchoume Paakuhoomuzu (庚午北三丁目パークホームズ) is a 25-year-old condominium located at Hiroshima Shi Nishiku Kanoeuma Kita 3 Choume 13-17 (広島市西区庚午北3丁目13-17), Hiroshima, Japan. Built in 2001, it comprises 31 units in a Reinforced Concrete (RC) structure. It was constructed by Oobayashi Kumi (大林組).
Pricing & Floor Plans
Price range: 情報なし.
Estimated price per sqm: ¥45.2万/sqm (approx. $3,011/sqm or $280/sqft).
Location & Neighborhood
The property is located at Hiroshima Shi Nishiku Kanoeuma Kita 3 Choume 13-17 (広島市西区庚午北3丁目13-17), 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
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 25 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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