Overview of Shiteihaitsu Juu No Kou 3 Goutou (シティハイツ住ノ江３号棟)
Shiteihaitsu Juu No Kou 3 Goutou (シティハイツ住ノ江３号棟) is a 43-year-old condominium located at Oosakashi Suminoe Ku Saijuu Yuki Kou 1 Choume 4-3 (大阪市住之江区西住之江1丁目4-3), Osaka, Japan. Built in 1983, it comprises 122 units in a Reinforced Concrete (RC) structure. It was constructed by Toda Kensetsu ・ Nankai Kensetsu (戸田建設・南海建設).
Pricing & Floor Plans
Based on 24 past listings, prices have ranged from 1,050〜2,298万円 (approx. $70,000–$153,200 USD at ¥150/$).
Unit sizes range from 65.4–72.0 sqm (704–775 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), 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥27.2万/sqm (approx. $1,815/sqm or $169/sqft).
Location & Neighborhood
The property is located at Oosakashi Suminoe Ku Saijuu Yuki Kou 1 Choume 4-3 (大阪市住之江区西住之江1丁目4-3), Osaka, Japan. It is a 7-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 43 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 122 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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