Overview of Paruteiiru Sakai Mizu Ootori Kan (パルティール堺水鳳館)
Paruteiiru Sakai Mizu Ootori Kan (パルティール堺水鳳館) is a 25-year-old condominium located at Sakaishi Sakai Ku Oohama Kitamachi 1 Choume 5-8 (堺市堺区大浜北町1丁目5-8), Osaka, Japan. Built in 2001, it comprises 45 units in a Reinforced Concrete (RC) structure. It was constructed by Asanuma Kumi , Shouei Kougyou (淺沼組、 昭栄興業).
Pricing & Floor Plans
Price range: 情報なし.
Estimated price per sqm: ¥34.7万/sqm (approx. $2,316/sqm or $215/sqft).
Location & Neighborhood
The property is located at Sakaishi Sakai Ku Oohama Kitamachi 1 Choume 5-8 (堺市堺区大浜北町1丁目5-8), Osaka, 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 25 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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