Overview of Suteitsu Kaori Ke Oka (ステイツ香里ヶ丘)
Suteitsu Kaori Ke Oka (ステイツ香里ヶ丘) is a 31-year-old condominium located at Hirakatashi Kaori Ke Oka 9 Choume 13-1 (枚方市香里ケ丘9丁目13-1), Osaka, Japan. Built in 1995, it comprises 55 units in a Reinforced Concrete (RC) structure. It was constructed by Toukaikougyou (東海興業).
Pricing & Floor Plans
Based on 26 past listings, prices have ranged from 1,480〜2,780万円 (approx. $98,667–$185,333 USD at ¥150/$).
Unit sizes range from 71.6–87.6 sqm (771–943 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥22.6万/sqm (approx. $1,507/sqm or $140/sqft).
Location & Neighborhood
The property is located at Hirakatashi Kaori Ke Oka 9 Choume 13-1 (枚方市香里ケ丘9丁目13-1), Osaka, Japan. It is a 2-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 31 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 55 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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