Overview of Kita Hanada Teien Toshi Guran'avenyuuuesutopureisu (北花田庭園都市グランアヴェニューウエストプレイス)
Kita Hanada Teien Toshi Guran'avenyuuuesutopureisu (北花田庭園都市グランアヴェニューウエストプレイス) is a 25-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 2001, it comprises 104 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Takenakakoumuten , Mitsuikensetsu , Toua Kensetsu Kougyou (竹中工務店、 三井建設、 東亜建設工業).
Pricing & Floor Plans
Based on 17 past listings, prices have ranged from 2,390〜4,280万円 (approx. $159,333–$285,333 USD at ¥150/$).
Unit sizes range from 72.7–87.5 sqm (783–942 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), 3SLDK (3-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥47.5万/sqm (approx. $3,167/sqm or $294/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 10-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 25 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 104 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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