Overview of Gyokushu Yama Sanhaitsu (玉手山サンハイツ)
Gyokushu Yama Sanhaitsu (玉手山サンハイツ) is a 40-year-old condominium located at Kashiwabara Shi Gyokushu Machi 6-61 (柏原市玉手町6-61), Osaka, Japan. Built in 1986, it comprises 142 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Mitsuikensetsu (三井建設).
Pricing & Floor Plans
Based on 57 past listings, prices have ranged from 550〜1,980万円 (approx. $36,667–$132,000 USD at ¥150/$).
Unit sizes range from 69.4–93.6 sqm (747–1008 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 4DK (4-bedroom w/ dining-kitchen), 3SLDK (3-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥12.9万/sqm (approx. $861/sqm or $80/sqft).
Location & Neighborhood
The property is located at Kashiwabara Shi Gyokushu Machi 6-61 (柏原市玉手町6-61), Osaka, Japan. It is a 13-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 142 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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