Overview of Shiteiraifu Hikone (シティライフ彦根)
Shiteiraifu Hikone (シティライフ彦根) is a 41-year-old condominium located at Hikone Shi Takamiya Machi 1340-5 (彦根市高宮町1340-5), Shiga, Japan. Built in 1985, it comprises 56 units in a Steel Reinforced Concrete (SRC) structure.
Pricing & Floor Plans
Based on 31 past listings, prices have ranged from 650〜1,680万円 (approx. $43,333–$112,000 USD at ¥150/$).
Unit sizes range from 55.0–70.6 sqm (592–760 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), 3DK (3-bedroom w/ dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥16.2万/sqm (approx. $1,078/sqm or $100/sqft).
Location & Neighborhood
The property is located at Hikone Shi Takamiya Machi 1340-5 (彦根市高宮町1340-5), Shiga, Japan. It is a 6-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 41 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 56 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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