Overview of Shiteimanshon Kuwata (シティマンション桑田)
Shiteimanshon Kuwata (シティマンション桑田) is a 43-year-old condominium located at Okayamashi Kitaku Kuwata Machi 11-12 (岡山市北区桑田町11-12), Okayama, Japan. Built in 1983, it comprises 67 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Hiba (ヒバ).
Pricing & Floor Plans
Based on 26 past listings, prices have ranged from 650〜1,980万円 (approx. $43,333–$132,000 USD at ¥150/$).
Unit sizes range from 60.7–78.8 sqm (653–848 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), 1LDK (1-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen), 2SDK (2-bedroom w/ dining-kitchen + service room).
Estimated price per sqm: ¥13.2万/sqm (approx. $879/sqm or $82/sqft).
Location & Neighborhood
The property is located at Okayamashi Kitaku Kuwata Machi 11-12 (岡山市北区桑田町11-12), Okayama, Japan. It is a 12-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 43 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 67 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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