Overview of Arusu Sakai Asaka Yama (アルス堺浅香山)
Arusu Sakai Asaka Yama (アルス堺浅香山) is a 24-year-old condominium located at Sakaishi Sakai Ku Kaori Ke Oka Machi 5 Choume 3-24 (堺市堺区香ヶ丘町5丁目3-24), Osaka, Japan. Built in 2002, it comprises 95 units in a Reinforced Concrete (RC) structure. It was constructed by Kitano Kensetsu (北野建設).
Pricing & Floor Plans
Based on 56 past listings, prices have ranged from 1,560〜2,898万円 (approx. $104,000–$193,200 USD at ¥150/$).
Unit sizes range from 67.4–87.9 sqm (725–946 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥35.5万/sqm (approx. $2,365/sqm or $220/sqft).
Location & Neighborhood
The property is located at Sakaishi Sakai Ku Kaori Ke Oka Machi 5 Choume 3-24 (堺市堺区香ヶ丘町5丁目3-24), Osaka, Japan. It is a 5-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 24 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 95 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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