Overview of Hodogaya Paakuhoomuzu (保土ヶ谷パークホームズ)
Hodogaya Paakuhoomuzu (保土ヶ谷パークホームズ) is a 33-year-old condominium located at Yokohamashi Ho Tsuchi Ke Tani Ku Iwai Machi 108-7 (横浜市保土ケ谷区岩井町108-7), Kanagawa, Japan. Built in 1993, it comprises 48 units in a Reinforced Concrete (RC) structure. It was constructed by Tada Kensetsu (多田建設).
Pricing & Floor Plans
Price range: 情報なし.
Estimated price per sqm: ¥47.7万/sqm (approx. $3,179/sqm or $295/sqft).
Location & Neighborhood
The property is located at Yokohamashi Ho Tsuchi Ke Tani Ku Iwai Machi 108-7 (横浜市保土ケ谷区岩井町108-7), Kanagawa, 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 33 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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