Overview of Shiro Daiichi Manshon (城第一マンション)
Shiro Daiichi Manshon (城第一マンション) is a 53-year-old condominium located at Takatsukishi Tsuchi Muromachi 1-10 (高槻市土室町1-10), Osaka, Japan. Built in 1973, it comprises 42 units in a Reinforced Concrete (RC) structure. It was constructed by Honma Kumi (本間組).
Pricing & Floor Plans
Based on 113 past listings, prices have ranged from 300〜830万円 (approx. $20,000–$55,333 USD at ¥150/$).
Unit sizes range from 46.1–48.5 sqm (496–522 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1LDK (1-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 2K (2-bedroom w/ kitchen), 2DK (2-bedroom w/ dining-kitchen).
Estimated price per sqm: ¥11.1万/sqm (approx. $740/sqm or $69/sqft).
Location & Neighborhood
The property is located at Takatsukishi Tsuchi Muromachi 1-10 (高槻市土室町1-10), Osaka, 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 1973, 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 53 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
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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