Overview of Haitsu Benten Machi (ハイツ弁天町)
Haitsu Benten Machi (ハイツ弁天町) is a 39-year-old condominium located at Oosakashi Minatoku Nami Jo 2 Choume 8-22 (大阪市港区波除2丁目8-22), Osaka, Japan. Built in 1987, it comprises 53 units in a Reinforced Concrete (RC) structure. It was constructed by Maeda Kensetsu Kougyou (前田建設工業).
Pricing & Floor Plans
Based on 23 past listings, prices have ranged from 1,380〜3,698万円 (approx. $92,000–$246,533 USD at ¥150/$).
Unit sizes range from 54.0–80.4 sqm (581–865 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), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥47.5万/sqm (approx. $3,165/sqm or $294/sqft).
Location & Neighborhood
The property is located at Oosakashi Minatoku Nami Jo 2 Choume 8-22 (大阪市港区波除2丁目8-22), 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 39 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 53 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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