Overview of Hankyuunishinomiya Manshon (阪急西宮マンション)
Hankyuunishinomiya Manshon (阪急西宮マンション) is a 28-year-old condominium located at Nishinomiyashi Minami Shouwachou 7-28 (西宮市南昭和町7-28), Hyogo, Japan. Built in 1998, it comprises 171 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Oobayashi Kumi (大林組).
Pricing & Floor Plans
Based on 67 past listings, prices have ranged from 1,280〜6,990万円 (approx. $85,333–$466,000 USD at ¥150/$).
Unit sizes range from 26.9–82.5 sqm (290–888 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), 1SDK (1-bedroom w/ dining-kitchen + service room), 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 1LDK (1-bedroom w/ living-dining-kitchen), 2DK (2-bedroom w/ dining-kitchen).
Estimated price per sqm: ¥76.7万/sqm (approx. $5,111/sqm or $475/sqft).
Location & Neighborhood
The property is located at Nishinomiyashi Minami Shouwachou 7-28 (西宮市南昭和町7-28), Hyogo, Japan. It is a 6-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 28 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 171 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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