Overview of Shiiaimanshon Suma Ekushiido (シーアイマンション須磨エクシード)
Shiiaimanshon Suma Ekushiido (シーアイマンション須磨エクシード) is a 34-year-old condominium located at Koubeshi Suma Ku Kita Ochiai 6 Choume 3-6 (神戸市須磨区北落合6丁目3-6), Hyogo, Japan. Built in 1992, it comprises 173 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Tobishima Kensetsu (飛島建設).
Pricing & Floor Plans
Based on 207 past listings, prices have ranged from 650〜1,980万円 (approx. $43,333–$132,000 USD at ¥150/$).
Unit sizes range from 69.9–138.2 sqm (752–1488 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4SLDK (4-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen), 3SLDK (3-bedroom w/ living-dining-kitchen + service room), 5LDK (5-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥13.1万/sqm (approx. $871/sqm or $81/sqft).
Location & Neighborhood
The property is located at Koubeshi Suma Ku Kita Ochiai 6 Choume 3-6 (神戸市須磨区北落合6丁目3-6), Hyogo, Japan. It is a 25-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 34 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 173 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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