Overview of Shakuson Tera Daiichi Juutaku Daigo Goutou (釈尊寺第１住宅第５号棟)
Shakuson Tera Daiichi Juutaku Daigo Goutou (釈尊寺第１住宅第５号棟) is a 49-year-old condominium located at Hirakatashi Shakuson Teramachi 28-5 (枚方市釈尊寺町28-5), Osaka, Japan. Built in 1977, it comprises 30 units in a Reinforced Concrete (RC) structure. It was constructed by Juutaku Toshi Seibi Koudan (住宅都市整備公団).
Pricing & Floor Plans
Based on 10 past listings, prices have ranged from 375〜980万円 (approx. $25,000–$65,333 USD at ¥150/$).
Unit sizes range from 54.4–54.4 sqm (586–586 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3DK (3-bedroom w/ dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥7.8万/sqm (approx. $518/sqm or $48/sqft).
Location & Neighborhood
The property is located at Hirakatashi Shakuson Teramachi 28-5 (枚方市釈尊寺町28-5), Osaka, Japan. It is a 15-minute walk to the nearest station. In Japan, station proximity significantly affects property values and daily convenience.
Investment Perspective
Seismic standards: Built in 1977, this property predates Japan's 1981 New Seismic Design Standards (新耐震基準). Buildings constructed before June 1981 were built to older earthquake resistance codes. Buyers should consider seismic retrofit status.
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 49 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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