Overview of Juju Oumihachiman (ジュジュ近江八幡)
Juju Oumihachiman (ジュジュ近江八幡) is a 24-year-old condominium located at Oumihachiman Shi Nishimoto Sato Machi Nishi 7-1 (近江八幡市西本郷町西7-1), Shiga, Japan. Built in 2002, it comprises 45 units in a Reinforced Concrete (RC) structure.
Pricing & Floor Plans
Based on 5 past listings, prices have ranged from 1,980〜3,480万円 (approx. $132,000–$232,000 USD at ¥150/$).
Unit sizes range from 76.1–96.6 sqm (819–1040 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥38.7万/sqm (approx. $2,581/sqm or $240/sqft).
Location & Neighborhood
The property is located at Oumihachiman Shi Nishimoto Sato Machi Nishi 7-1 (近江八幡市西本郷町西7-1), Shiga, Japan. It is a 6-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 24 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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