Overview of Hoomesutohaitsu Tsushima (ホーメストハイツ津島)
Hoomesutohaitsu Tsushima (ホーメストハイツ津島) is a 34-year-old condominium located at Tsushima Shi Shiro Yuki Etsu Machi 13 (津島市城之越町13), Aichi, Japan. Built in 1992, it comprises 35 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Zenidaka Kumi (錢高組).
Pricing & Floor Plans
Based on 12 past listings, prices have ranged from 690〜990万円 (approx. $46,000–$66,000 USD at ¥150/$).
Unit sizes range from 69.0–70.7 sqm (743–761 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2LDK (2-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Location & Neighborhood
The property is located at Tsushima Shi Shiro Yuki Etsu Machi 13 (津島市城之越町13), Aichi, 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 34 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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