Overview of Neohaitsu Hamada Machi (ネオハイツ浜田町)
Neohaitsu Hamada Machi (ネオハイツ浜田町) is a 35-year-old condominium located at Fukushima Shi Hamada Machi 8-8 (福島市浜田町8-8), Fukushima, Japan. Built in 1991, it comprises 79 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Asanuma Kumi (浅沼組).
Pricing & Floor Plans
Based on 98 past listings, prices have ranged from 348〜1,890万円 (approx. $23,200–$126,000 USD at ¥150/$).
Unit sizes range from 47.2–88.8 sqm (508–956 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 2DK (2-bedroom w/ dining-kitchen), 4DK (4-bedroom w/ dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥17.4万/sqm (approx. $1,157/sqm or $107/sqft).
Location & Neighborhood
The property is located at Fukushima Shi Hamada Machi 8-8 (福島市浜田町8-8), Fukushima, Japan. It is a 19-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 79 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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