Overview of Aabankooto Koi Honchou (アーバンコート己斐本町)
Aabankooto Koi Honchou (アーバンコート己斐本町) is a 29-year-old condominium located at Hiroshima Shi Nishiku Koi Honchou 1 Choume 16-8 (広島市西区己斐本町1丁目16-8), Hiroshima, Japan. Built in 1997, it comprises 26 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Satou Kougyou (佐藤工業).
Pricing & Floor Plans
Based on 11 past listings, prices have ranged from 2,100〜4,180万円 (approx. $140,000–$278,667 USD at ¥150/$).
Unit sizes range from 65.5–83.0 sqm (705–893 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2LDK (2-bedroom w/ living-dining-kitchen), 3SLDK (3-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥51.5万/sqm (approx. $3,435/sqm or $319/sqft).
Location & Neighborhood
The property is located at Hiroshima Shi Nishiku Koi Honchou 1 Choume 16-8 (広島市西区己斐本町1丁目16-8), Hiroshima, Japan. It is a 3-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 29 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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