Overview of Shou Ke Oka Yada Gurandohaitsu (照ケ丘矢田グランドハイツ)
Shou Ke Oka Yada Gurandohaitsu (照ケ丘矢田グランドハイツ) is a 45-year-old condominium located at Oosakashi Higashisumiyoshi Ku Shou Ke Oka Yada 1 Choume 15-31 (大阪市東住吉区照ケ丘矢田1丁目15-31), Osaka, Japan. Built in 1981, it comprises 67 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Hasegawakoumuten (長谷川工務店).
Pricing & Floor Plans
Based on 50 past listings, prices have ranged from 680〜1,880万円 (approx. $45,333–$125,333 USD at ¥150/$).
Unit sizes range from 53.3–77.2 sqm (574–831 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3DK (3-bedroom w/ dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥22.8万/sqm (approx. $1,519/sqm or $141/sqft).
Location & Neighborhood
The property is located at Oosakashi Higashisumiyoshi Ku Shou Ke Oka Yada 1 Choume 15-31 (大阪市東住吉区照ケ丘矢田1丁目15-31), Osaka, 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 67 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.
Analyze this property's fair price and negotiation room for free at RE:public.