Overview of Ookusukuea Saishin Chuuou 3 Ban Kan (オークスクエア西神中央３番館)
Ookusukuea Saishin Chuuou 3 Ban Kan (オークスクエア西神中央３番館) is a 33-year-old condominium located at Koubeshinishiku Kashino Dai 5 Choume 3-3 (神戸市西区樫野台5丁目3-3), Hyogo, Japan. Built in 1993, it comprises 41 units in a Reinforced Concrete (RC) structure. It was constructed by Dainippon Doboku (大日本土木).
Pricing & Floor Plans
Price range: 情報なし.
Estimated price per sqm: ¥19.2万/sqm (approx. $1,278/sqm or $119/sqft).
Location & Neighborhood
The property is located at Koubeshinishiku Kashino Dai 5 Choume 3-3 (神戸市西区樫野台5丁目3-3), Hyogo, 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 33 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.
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