Overview of Hooyuukonforuto Sumida Kouen (ホーユウコンフォルト隅田公園)
Hooyuukonforuto Sumida Kouen (ホーユウコンフォルト隅田公園) is a 38-year-old condominium located at Sumidaku Narihira 2 Choume 16-4 (墨田区業平2丁目16-4), Tokyo, Japan. Built in 1988, it comprises 20 units in a 鉄骨造 structure. It was constructed by Daito Kensetsu (大都建設).
Pricing & Floor Plans
Based on 9 past listings, prices have ranged from 770〜1,398万円 (approx. $51,333–$93,200 USD at ¥150/$).
Unit sizes range from 16.0–16.1 sqm (172–173 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1R (Studio).
Estimated price per sqm: ¥85.1万/sqm (approx. $5,672/sqm or $527/sqft).
Location & Neighborhood
The property is located at Sumidaku Narihira 2 Choume 16-4 (墨田区業平2丁目16-4), Tokyo, Japan. It is a 1-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 38 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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