Overview of Saapasu Kusunoha (サーパス樟葉)
Saapasu Kusunoha (サーパス樟葉) is a 29-year-old condominium located at Hirakatashi Higashiyama 2 Choume 43-2 (枚方市東山2丁目43-2), Osaka, Japan. Built in 1997, it comprises 84 units in a Reinforced Concrete (RC) structure. It was constructed by Anabuki Koumuten (穴吹工務店).
Pricing & Floor Plans
Based on 39 past listings, prices have ranged from 1,295〜2,780万円 (approx. $86,333–$185,333 USD at ¥150/$).
Unit sizes range from 64.4–89.8 sqm (693–967 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), 4LDK (4-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 3SLDK (3-bedroom w/ living-dining-kitchen + service room).
Estimated price per sqm: ¥35.3万/sqm (approx. $2,351/sqm or $218/sqft).
Location & Neighborhood
The property is located at Hirakatashi Higashiyama 2 Choume 43-2 (枚方市東山2丁目43-2), 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 29 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 84 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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