Overview of Keizupaaku Sakai Kita Hanada (ケイズパーク堺北花田)
Keizupaaku Sakai Kita Hanada (ケイズパーク堺北花田) is a 27-year-old condominium located at Sakaishi Kitaku Shinbori Machi 1 Choume 39-5 (堺市北区新堀町1丁目39-5), Osaka, Japan. Built in 1999, it comprises 315 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Hase Kou Kooporeeshon (長谷工コーポレーション).
Pricing & Floor Plans
Based on 125 past listings, prices have ranged from 1,530〜4,380万円 (approx. $102,000–$292,000 USD at ¥150/$).
Unit sizes range from 67.5–99.9 sqm (727–1075 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), 2LDK (2-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥37.8万/sqm (approx. $2,517/sqm or $234/sqft).
Location & Neighborhood
The property is located at Sakaishi Kitaku Shinbori Machi 1 Choume 39-5 (堺市北区新堀町1丁目39-5), Osaka, Japan. It is a 13-minute walk to the nearest station. In Japan, station proximity significantly affects property values and daily convenience.
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 27 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 315 units, this is a relatively large condominium. Larger buildings typically benefit from lower per-unit maintenance and repair reserve costs.
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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