Overview of Sanhausu Obata Ryokuchi Higashi (サンハウス小幡緑地東)
Sanhausu Obata Ryokuchi Higashi (サンハウス小幡緑地東) is a 31-year-old condominium located at Owariasahi Shi Sakuragaoka Machi 2 Choume 10 (尾張旭市桜ケ丘町2丁目10), Aichi, Japan. Built in 1995, it comprises 96 units in a Reinforced Concrete (RC) structure. It was constructed by Nihonkokudokaihatsu (日本国土開発).
Pricing & Floor Plans
Based on 29 past listings, prices have ranged from 710〜1,999万円 (approx. $47,333–$133,267 USD at ¥150/$).
Unit sizes range from 68.8–78.8 sqm (741–848 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: ¥19.5万/sqm (approx. $1,300/sqm or $121/sqft).
Location & Neighborhood
The property is located at Owariasahi Shi Sakuragaoka Machi 2 Choume 10 (尾張旭市桜ケ丘町2丁目10), Aichi, Japan. It is a 10-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 31 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 96 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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