Overview of Shin Kaneoka 3 Chou 1 Ban Juutaku 1 6 Tou (新金岡３丁１番住宅１６棟)
Shin Kaneoka 3 Chou 1 Ban Juutaku 1 6 Tou (新金岡３丁１番住宅１６棟) is a 59-year-old condominium located at Sakaishi Kitaku Shinkanaokachou 3 Choume 1-16 (堺市北区新金岡町3丁目1-16), Osaka, Japan. Built in 1967, it comprises 24 units in a Reinforced Concrete (RC) structure. It was constructed by Oosakafu Juutaku Kyoukyuu Kousha (大阪府住宅供給公社).
Pricing & Floor Plans
Price range: 情報なし.
Estimated price per sqm: ¥21.6万/sqm (approx. $1,438/sqm or $134/sqft).
Location & Neighborhood
The property is located at Sakaishi Kitaku Shinkanaokachou 3 Choume 1-16 (堺市北区新金岡町3丁目1-16), Osaka, Japan. It is a 4-minute walk to the nearest station. This is considered excellent station access in Japan, where most daily errands are done on foot or by train.
Investment Perspective
Seismic standards: Built in 1967, 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 59 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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