Overview of Sukaikooto Setagaya Kamiuma (スカイコート世田谷上馬)
Sukaikooto Setagaya Kamiuma (スカイコート世田谷上馬) is a 35-year-old condominium located at Setagayaku Kamiuma 5 Choume 35-14 (世田谷区上馬5丁目35-14), Tokyo, Japan. Built in 1991, it comprises 24 units in a Reinforced Concrete (RC) structure. It was constructed by Yamada Kensetsu (山田建設).
Pricing & Floor Plans
Based on 19 past listings, prices have ranged from 750〜1,380万円 (approx. $50,000–$92,000 USD at ¥150/$).
Unit sizes range from 16.5–17.1 sqm (178–184 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1R (Studio).
Estimated price per sqm: ¥72.8万/sqm (approx. $4,855/sqm or $451/sqft).
Location & Neighborhood
The property is located at Setagayaku Kamiuma 5 Choume 35-14 (世田谷区上馬5丁目35-14), Tokyo, 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 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.
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