Overview of Sanshitei Matsubara (サンシティ松原)
Sanshitei Matsubara (サンシティ松原) is a 40-year-old condominium located at Matsubara Ichida Igi 2 Choume 2-2 (松原市田井城2丁目2-2), Osaka, Japan. Built in 1986, it comprises 345 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Hase Kou Kooporeeshon (長谷工コーポレーション).
Pricing & Floor Plans
Based on 151 past listings, prices have ranged from 620〜2,380万円 (approx. $41,333–$158,667 USD at ¥150/$).
Unit sizes range from 57.8–90.3 sqm (622–972 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3LDK (3-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen), 3DK (3-bedroom w/ dining-kitchen), 2SLDK (2-bedroom w/ living-dining-kitchen + service room).
Estimated price per sqm: ¥26.0万/sqm (approx. $1,734/sqm or $161/sqft).
Location & Neighborhood
The property is located at Matsubara Ichida Igi 2 Choume 2-2 (松原市田井城2丁目2-2), Osaka, 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 40 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 345 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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