Overview of Neohaitsu Kita Kagaya (ネオハイツ北加賀屋)
Neohaitsu Kita Kagaya (ネオハイツ北加賀屋) is a 27-year-old condominium located at Oosakashi Suminoe Ku Kita Kagaya 1 Choume 5-11 (大阪市住之江区北加賀屋1丁目5-11), Osaka, Japan. Built in 1999, it comprises 31 units in a Reinforced Concrete (RC) structure. It was constructed by Yabuuchi Koumuten (薮内工務店).
Pricing & Floor Plans
Based on 21 past listings, prices have ranged from 1,880〜2,898万円 (approx. $125,333–$193,200 USD at ¥150/$).
Unit sizes range from 62.0–67.0 sqm (667–721 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2LDK (2-bedroom w/ living-dining-kitchen), 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen).
Location & Neighborhood
The property is located at Oosakashi Suminoe Ku Kita Kagaya 1 Choume 5-11 (大阪市住之江区北加賀屋1丁目5-11), 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 27 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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