Overview of Senboku Oike Dai Daisan Juutaku 66 2 5 Goutou (泉北御池台第３住宅６ー２５号棟)
Senboku Oike Dai Daisan Juutaku 66 2 5 Goutou (泉北御池台第３住宅６ー２５号棟) is a 35-year-old condominium located at Sakaishi Minamiku Oike Dai 2 Choume 6-25 (堺市南区御池台2丁目6-25), Osaka, Japan. Built in 1991, it comprises 18 units in a Reinforced Concrete (RC) structure. It was constructed by Juutaku Toshi Seibi Koudan (住宅都市整備公団).
Pricing & Floor Plans
Price range: 情報なし.
Estimated price per sqm: ¥13.8万/sqm (approx. $922/sqm or $86/sqft).
Location & Neighborhood
The property is located at Sakaishi Minamiku Oike Dai 2 Choume 6-25 (堺市南区御池台2丁目6-25), Osaka, Japan. It is a 10-minute walk to the nearest station. This is considered good station access by Japanese standards.
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 35 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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