Overview of Neohaitsu Sakurai B Tou (ネオハイツ桜井Ｂ棟)
Neohaitsu Sakurai B Tou (ネオハイツ桜井Ｂ棟) is a 34-year-old condominium located at Sakurai Shi Kai Juu 192-7 (桜井市戒重192-7), Nara, Japan. Built in 1992, it comprises 84 units in a Reinforced Concrete (RC) structure. It was constructed by Muramoto Kensetsu (村本建設).
Pricing & Floor Plans
Based on 52 past listings, prices have ranged from 600〜1,880万円 (approx. $40,000–$125,333 USD at ¥150/$).
Unit sizes range from 68.4–118.6 sqm (736–1277 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 5LDK (5-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥12.8万/sqm (approx. $856/sqm or $80/sqft).
Location & Neighborhood
The property is located at Sakurai Shi Kai Juu 192-7 (桜井市戒重192-7), Nara, Japan. It is a 11-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 84 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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