Overview of Aakugaaden Hibikino Machi (アークガーデンひびきの街)
Aakugaaden Hibikino Machi (アークガーデンひびきの街) is a 31-year-old condominium located at Yokohamashi Tsuzuki Ku Eda Higashi 2 Choume 19-2 (横浜市都筑区荏田東2丁目19-2), Kanagawa, Japan. Built in 1995, it comprises 171 units in a Reinforced Concrete (RC) structure. It was constructed by Taiseikensetsu , Sagami Kensetsu , Kounoike Kumi (大成建設、 相模建設、 鴻池組).
Pricing & Floor Plans
Based on 65 past listings, prices have ranged from 2,710〜5,799万円 (approx. $180,667–$386,600 USD at ¥150/$).
Unit sizes range from 65.7–88.7 sqm (707–955 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 3SLDK (3-bedroom w/ living-dining-kitchen + service room), 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥56.0万/sqm (approx. $3,736/sqm or $347/sqft).
Location & Neighborhood
The property is located at Yokohamashi Tsuzuki Ku Eda Higashi 2 Choume 19-2 (横浜市都筑区荏田東2丁目19-2), Kanagawa, Japan. It is a 10-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 31 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 171 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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