Overview of Keishitei Katsuragawa 1 Ban Kan (ケイシティ桂川１番館)
Keishitei Katsuragawa 1 Ban Kan (ケイシティ桂川１番館) is a 29-year-old condominium located at Kyoutoshi Nishigyouku Matsumuro Ware Ta Jinmachi 131 (京都市西京区松室吾田神町131), Kyoto, Japan. Built in 1997, it comprises 111 units in a Reinforced Concrete (RC) structure. It was constructed by Shimizukensetsu (清水建設).
Pricing & Floor Plans
Price range: 情報なし.
Estimated price per sqm: ¥37.4万/sqm (approx. $2,494/sqm or $232/sqft).
Location & Neighborhood
The property is located at Kyoutoshi Nishigyouku Matsumuro Ware Ta Jinmachi 131 (京都市西京区松室吾田神町131), Kyoto, 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 29 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 111 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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