Overview of Nankai Sausuhiruzu Matsu Ke Oka (南海サウスヒルズ松ヶ丘)
Nankai Sausuhiruzu Matsu Ke Oka (南海サウスヒルズ松ヶ丘) is a 30-year-old condominium located at Kawachinagano Ichimatsu Ke Oka Nishimachi 1555-1 (河内長野市松ケ丘西町1555-1), Osaka, Japan. Built in 1996, it comprises 146 units in a Reinforced Concrete (RC) structure. It was constructed by Fujita , Toukaikougyou (フジタ、 東海興業).
Pricing & Floor Plans
Based on 26 past listings, prices have ranged from 990〜1,580万円 (approx. $66,000–$105,333 USD at ¥150/$).
Unit sizes range from 71.4–98.0 sqm (769–1055 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), 1LDK (1-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥15.2万/sqm (approx. $1,013/sqm or $94/sqft).
Location & Neighborhood
The property is located at Kawachinagano Ichimatsu Ke Oka Nishimachi 1555-1 (河内長野市松ケ丘西町1555-1), Osaka, Japan. It is a 8-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 30 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 146 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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