Overview of Sanshitei Hagura Saki (サンシティ羽倉崎)
Sanshitei Hagura Saki (サンシティ羽倉崎) is a 30-year-old condominium located at Izumisano Shi Hagura Saki 4 Choume 1-5 (泉佐野市羽倉崎4丁目1-5), Osaka, Japan. Built in 1996, it comprises 56 units in a Reinforced Concrete (RC) structure. It was constructed by Nankai Tatsumura Kensetsu (南海辰村建設).
Pricing & Floor Plans
Based on 24 past listings, prices have ranged from 720〜1,800万円 (approx. $48,000–$120,000 USD at ¥150/$).
Unit sizes range from 63.9–87.2 sqm (688–939 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥19.4万/sqm (approx. $1,291/sqm or $120/sqft).
Location & Neighborhood
The property is located at Izumisano Shi Hagura Saki 4 Choume 1-5 (泉佐野市羽倉崎4丁目1-5), Osaka, Japan. It is a 8-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 30 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 56 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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