Overview of Virunuubu Goryoukaku (ヴィルヌーブ五稜郭)
Virunuubu Goryoukaku (ヴィルヌーブ五稜郭) is a 35-year-old condominium located at Hakodate Shi Honchou 17-2 (函館市本町17-2), Hokkaido, Japan. Built in 1991, it comprises 39 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Takenakakoumuten (竹中工務店).
Pricing & Floor Plans
Based on 10 past listings, prices have ranged from 1,180〜2,095万円 (approx. $78,667–$139,667 USD at ¥150/$).
Unit sizes range from 71.9–103.0 sqm (774–1109 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 4SLDK (4-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥23.1万/sqm (approx. $1,540/sqm or $143/sqft).
Location & Neighborhood
The property is located at Hakodate Shi Honchou 17-2 (函館市本町17-2), Hokkaido, Japan. It is a 3-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 35 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.
Analyze this property's fair price and negotiation room for free at RE:public.