Overview of Kashiharajinguumae Sukaihaitsu (橿原神宮前スカイハイツ)
Kashiharajinguumae Sukaihaitsu (橿原神宮前スカイハイツ) is a 45-year-old condominium located at Kashihara Shi Mise Machi 38 (橿原市見瀬町38), Nara, Japan. Built in 1981, it comprises 195 units in a Reinforced Concrete (RC) structure. It was constructed by Hasegawakoumuten (長谷川工務店).
Pricing & Floor Plans
Based on 182 past listings, prices have ranged from 450〜2,180万円 (approx. $30,000–$145,333 USD at ¥150/$).
Unit sizes range from 51.0–101.9 sqm (549–1097 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 4SDK (4-bedroom w/ dining-kitchen + service room), 2DK (2-bedroom w/ dining-kitchen), 1DK (1-bedroom w/ dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥13.1万/sqm (approx. $871/sqm or $81/sqft).
Location & Neighborhood
The property is located at Kashihara Shi Mise Machi 38 (橿原市見瀬町38), Nara, Japan. It is a 3-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 195 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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