Overview of Ootsu Higashi Sukaihaitsu (大津東スカイハイツ)
Ootsu Higashi Sukaihaitsu (大津東スカイハイツ) is a 45-year-old condominium located at Ootsushi Baba 3 Choume 14-40 (大津市馬場3丁目14-40), Shiga, Japan. Built in 1981, it comprises 124 units in a Reinforced Concrete (RC) structure. It was constructed by Hasegawakoumuten (長谷川工務店).
Pricing & Floor Plans
Based on 39 past listings, prices have ranged from 1,080〜2,498万円 (approx. $72,000–$166,533 USD at ¥150/$).
Unit sizes range from 71.5–116.5 sqm (770–1254 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1SLDK (1-bedroom w/ living-dining-kitchen + service room), 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥20.2万/sqm (approx. $1,350/sqm or $125/sqft).
Location & Neighborhood
The property is located at Ootsushi Baba 3 Choume 14-40 (大津市馬場3丁目14-40), Shiga, 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
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 45 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 124 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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