Overview of Nankai Shiteihaitsu Tachiuri Hori (南海シティハイツ立売堀)
Nankai Shiteihaitsu Tachiuri Hori (南海シティハイツ立売堀) is a 28-year-old condominium located at Oosakashi Nishiku Tachiuri Hori 3 Choume 2-19 (大阪市西区立売堀3丁目2-19), Osaka, Japan. Built in 1998, it comprises 55 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Hase Kou Kooporeeshon (長谷工コーポレーション).
Pricing & Floor Plans
Based on 18 past listings, prices have ranged from 1,980〜5,180万円 (approx. $132,000–$345,333 USD at ¥150/$).
Unit sizes range from 60.5–79.1 sqm (651–851 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2LDK (2-bedroom w/ living-dining-kitchen), 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥69.3万/sqm (approx. $4,623/sqm or $429/sqft).
Location & Neighborhood
The property is located at Oosakashi Nishiku Tachiuri Hori 3 Choume 2-19 (大阪市西区立売堀3丁目2-19), Osaka, Japan. It is a 2-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 28 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 55 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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