Overview of Sharumanfuji Kishiwada Chuuou Kouen Ichiban Kan (シャルマンフジ岸和田中央公園壱番館)
Sharumanfuji Kishiwada Chuuou Kouen Ichiban Kan (シャルマンフジ岸和田中央公園壱番館) is a 31-year-old condominium located at Kishiwada Shi Arakichou 1 Choume 11-11 (岸和田市荒木町1丁目11-11), Osaka, Japan. Built in 1995, it comprises 68 units in a Reinforced Concrete (RC) structure. It was constructed by Kumagaigumi (熊谷組).
Pricing & Floor Plans
Based on 11 past listings, prices have ranged from 790〜1,380万円 (approx. $52,667–$92,000 USD at ¥150/$).
Unit sizes range from 56.5–66.2 sqm (608–713 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥20.4万/sqm (approx. $1,363/sqm or $127/sqft).
Location & Neighborhood
The property is located at Kishiwada Shi Arakichou 1 Choume 11-11 (岸和田市荒木町1丁目11-11), Osaka, Japan. It is a 10-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 31 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 68 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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