Overview of Supirittsuhaimu Kawasaki (スピリッツハイム川崎)
Supirittsuhaimu Kawasaki (スピリッツハイム川崎) is a 34-year-old condominium located at Kawasakishisaiwaiku Minamisaiwai Machi 1 Choume 17-4 (川崎市幸区南幸町1丁目17-4), Kanagawa, Japan. Built in 1992, it comprises 23 units in a Reinforced Concrete (RC) structure. It was constructed by Takei Kensetsu (武井建設).
Pricing & Floor Plans
Based on 20 past listings, prices have ranged from 630〜1,280万円 (approx. $42,000–$85,333 USD at ¥150/$).
Unit sizes range from 16.2–16.7 sqm (174–180 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1K (1-bedroom w/ kitchen), 1R (Studio).
Estimated price per sqm: ¥61.8万/sqm (approx. $4,117/sqm or $382/sqft).
Location & Neighborhood
The property is located at Kawasakishisaiwaiku Minamisaiwai Machi 1 Choume 17-4 (川崎市幸区南幸町1丁目17-4), 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 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.
Analyze this property's fair price and negotiation room for free at RE:public.