Overview of Sanhaitsu Nagata (サンハイツながた)
Sanhaitsu Nagata (サンハイツながた) is a 41-year-old condominium located at Ginowan Shichou Ta 4 Choume 17-27 (宜野湾市長田4丁目17-27), Okinawa, Japan. Built in 1985, it comprises 27 units in a Reinforced Concrete (RC) structure.
Pricing & Floor Plans
Based on 8 past listings, prices have ranged from 670〜1,990万円 (approx. $44,667–$132,667 USD at ¥150/$).
Unit sizes range from 37.2–59.2 sqm (400–637 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3DK (3-bedroom w/ dining-kitchen), 2DK (2-bedroom w/ dining-kitchen).
Estimated price per sqm: ¥33.0万/sqm (approx. $2,199/sqm or $204/sqft).
Location & Neighborhood
The property is located at Ginowan Shichou Ta 4 Choume 17-27 (宜野湾市長田4丁目17-27), Okinawa, Japan. It is a 81-minute walk to the nearest station. In Japan, station proximity significantly affects property values and daily convenience.
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 41 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
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.