Overview of Ueno Shiba Rejidensu (上野芝レジデンス)
Ueno Shiba Rejidensu (上野芝レジデンス) is a 16-year-old condominium located at Sakaishi Nishiku Ueno Shiba Machi 5 Choume 2 (堺市西区上野芝町5丁目2), Osaka, Japan. Built in 2010, it comprises 270 units in a Reinforced Concrete (RC) structure. It was constructed by Toukaikougyou (東海興業).
Pricing & Floor Plans
Based on 187 past listings, prices have ranged from 1,950〜4,800万円 (approx. $130,000–$320,000 USD at ¥150/$).
Unit sizes range from 65.4–113.9 sqm (704–1226 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen), 4SLDK (4-bedroom w/ living-dining-kitchen + service room), 4LDK (4-bedroom w/ living-dining-kitchen), 3DK (3-bedroom w/ dining-kitchen).
Estimated price per sqm: ¥48.3万/sqm (approx. $3,221/sqm or $299/sqft).
Location & Neighborhood
The property is located at Sakaishi Nishiku Ueno Shiba Machi 5 Choume 2 (堺市西区上野芝町5丁目2), Osaka, Japan. It is a 6-minute walk to the nearest station. This is considered good station access by Japanese standards.
Investment Perspective
Scale advantage: With 270 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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