Overview of Famiiyu Sakai (ふぁみーゆ堺)
Famiiyu Sakai (ふぁみーゆ堺) is a 37-year-old condominium located at Sakaishi Kitaku Jouban Machi 3 Choume 11-5 (堺市北区常磐町3丁目11-5), Osaka, Japan. Built in 1989, it comprises 30 units in a Reinforced Concrete (RC) structure. It was constructed by Kumagaigumi (熊谷組).
Pricing & Floor Plans
Based on 23 past listings, prices have ranged from 1,050〜2,480万円 (approx. $70,000–$165,333 USD at ¥150/$).
Unit sizes range from 60.6–77.1 sqm (652–830 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen), 3DK (3-bedroom w/ dining-kitchen), 2SDK (2-bedroom w/ dining-kitchen + service room), 2LDK (2-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥29.5万/sqm (approx. $1,965/sqm or $183/sqft).
Location & Neighborhood
The property is located at Sakaishi Kitaku Jouban Machi 3 Choume 11-5 (堺市北区常磐町3丁目11-5), 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 37 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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