Overview of Akuapaaku C I T Y Kishiwada Minami 3 Ban Kan (アクアパークＣＩＴＹ岸和田南３番館)
Akuapaaku C I T Y Kishiwada Minami 3 Ban Kan (アクアパークＣＩＴＹ岸和田南３番館) is a 25-year-old condominium located at Kishiwada Shi Minato Midorimachi 5-3 (岸和田市港緑町5-3), Osaka, Japan. Built in 2001, it comprises 75 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Kumagaigumi , Sumitomokensetsu (熊谷組、 住友建設).
Pricing & Floor Plans
Based on 26 past listings, prices have ranged from 1,380〜2,480万円 (approx. $92,000–$165,333 USD at ¥150/$).
Unit sizes range from 68.2–93.6 sqm (734–1008 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥23.3万/sqm (approx. $1,553/sqm or $144/sqft).
Location & Neighborhood
The property is located at Kishiwada Shi Minato Midorimachi 5-3 (岸和田市港緑町5-3), 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 25 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 75 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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