Overview of Nagaokatenjin Haitsu (長岡天神ハイツ)
Nagaokatenjin Haitsu (長岡天神ハイツ) is a 56-year-old condominium located at Nagaokakyou Shi Hachijou Ga Oka 1 Choume 1 ~ 5 , 2 Choume 1 ~ 6 (長岡京市八条が丘1丁目1〜5、2丁目1〜6), Kyoto, Japan. Built in 1970, it comprises 467 units in a Reinforced Concrete (RC) structure. It was constructed by Taisei Purehabu ( Gen Taisei Yuurekku ) (大成プレハブ（現大成ユーレック）).
Pricing & Floor Plans
Based on 206 past listings, prices have ranged from 690〜2,980万円 (approx. $46,000–$198,667 USD at ¥150/$).
Unit sizes range from 52.5–78.5 sqm (565–845 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), 4LDK (4-bedroom w/ living-dining-kitchen), 1LDK (1-bedroom w/ living-dining-kitchen), 4K (4-bedroom w/ kitchen), 4DK (4-bedroom w/ dining-kitchen).
Estimated price per sqm: ¥24.8万/sqm (approx. $1,655/sqm or $154/sqft).
Location & Neighborhood
The property is located at Nagaokakyou Shi Hachijou Ga Oka 1 Choume 1 ~ 5 , 2 Choume 1 ~ 6 (長岡京市八条が丘1丁目1〜5、2丁目1〜6), Kyoto, Japan. It is a 10-minute walk to the nearest station. This is considered good station access by Japanese standards.
Investment Perspective
Seismic standards: Built in 1970, this property predates Japan's 1981 New Seismic Design Standards (新耐震基準). Buildings constructed before June 1981 were built to older earthquake resistance codes. Buyers should consider seismic retrofit status.
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 56 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 467 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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