Overview of Kontsuerutopaaku Furue (コンツェルトパーク古江)
Kontsuerutopaaku Furue (コンツェルトパーク古江) is a 32-year-old condominium located at Hiroshima Shi Nishiku Furueue 2 Choume 430-1 (広島市西区古江上2丁目430-1), Hiroshima, Japan. Built in 1994, it comprises 117 units in a Reinforced Concrete (RC) structure. It was constructed by Toukaikougyou (東海興業).
Pricing & Floor Plans
Based on 74 past listings, prices have ranged from 670〜1,880万円 (approx. $44,667–$125,333 USD at ¥150/$).
Unit sizes range from 52.8–77.0 sqm (568–829 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), 1LDK (1-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen), 3DK (3-bedroom w/ dining-kitchen).
Estimated price per sqm: ¥17.1万/sqm (approx. $1,140/sqm or $106/sqft).
Location & Neighborhood
The property is located at Hiroshima Shi Nishiku Furueue 2 Choume 430-1 (広島市西区古江上2丁目430-1), Hiroshima, Japan. It is a 7-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 32 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 117 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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