Overview of Shiteipaaku Kitanoda (シティパーク北野田)
Shiteipaaku Kitanoda (シティパーク北野田) is a 35-year-old condominium located at Sakaishi Higashiku Takamatsu 227-2 (堺市東区高松227-2), Osaka, Japan. Built in 1991, it comprises 270 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Asanuma Kumi , Sai Mon Kensetsu (淺沼組、 才門建設).
Pricing & Floor Plans
Based on 142 past listings, prices have ranged from 860〜2,598万円 (approx. $57,333–$173,200 USD at ¥150/$).
Unit sizes range from 60.4–98.8 sqm (650–1063 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1SLDK (1-bedroom w/ living-dining-kitchen + service room), 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥27.9万/sqm (approx. $1,859/sqm or $173/sqft).
Location & Neighborhood
The property is located at Sakaishi Higashiku Takamatsu 227-2 (堺市東区高松227-2), Osaka, 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 35 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 270 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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