Overview of Kita Hanada Teien Toshi Guran'avenyuusausupureisu Ichiban Kan (北花田庭園都市グランアヴェニューサウスプレイス壱番館)
Kita Hanada Teien Toshi Guran'avenyuusausupureisu Ichiban Kan (北花田庭園都市グランアヴェニューサウスプレイス壱番館) is a 26-year-old condominium located at Sakaishi Kitaku Higashi Asaka Yamachou 4 Choume 1-15 (堺市北区東浅香山町4丁目1-15), Osaka, Japan. Built in 2000, it comprises 110 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Oobayashi Kumi , Takenakakoumuten , Goyoukensetsu (大林組、 竹中工務店、 五洋建設).
Pricing & Floor Plans
Price range: 情報なし.
Estimated price per sqm: ¥48.3万/sqm (approx. $3,222/sqm or $299/sqft).
Location & Neighborhood
The property is located at Sakaishi Kitaku Higashi Asaka Yamachou 4 Choume 1-15 (堺市北区東浅香山町4丁目1-15), 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 26 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 110 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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