Overview of Saniitaun Hagura Saki Ekimae 3 Bangai (サニータウン羽倉崎駅前３番街)
Saniitaun Hagura Saki Ekimae 3 Bangai (サニータウン羽倉崎駅前３番街) is a 40-year-old condominium located at Izumisano Shi Hagura Saki 2 Choume 5-3 (泉佐野市羽倉崎2丁目5-3), Osaka, Japan. Built in 1986, it comprises 275 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Hasegawakoumuten (長谷川工務店).
Pricing & Floor Plans
Based on 78 past listings, prices have ranged from 680〜1,780万円 (approx. $45,333–$118,667 USD at ¥150/$).
Unit sizes range from 57.9–71.5 sqm (623–770 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), 3LDK (3-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen), 3DK (3-bedroom w/ dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥18.6万/sqm (approx. $1,237/sqm or $115/sqft).
Location & Neighborhood
The property is located at Izumisano Shi Hagura Saki 2 Choume 5-3 (泉佐野市羽倉崎2丁目5-3), Osaka, Japan. It is a 1-minute walk to the nearest station. This is considered excellent station access in Japan, where most daily errands are done on foot or by train.
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 40 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 275 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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