Overview of Sakai Shukuin Guriinmanshon (堺宿院グリーンマンション)
Sakai Shukuin Guriinmanshon (堺宿院グリーンマンション) is a 28-year-old condominium located at Sakaishi Sakai Ku Shukuin Machi Higashi 3 Choume 1-14 (堺市堺区宿院町東3丁目1-14), Osaka, Japan. Built in 1998, it comprises 111 units in a Reinforced Concrete (RC) structure. It was constructed by Hase Kou Kooporeeshon (長谷工コーポレーション).
Pricing & Floor Plans
Based on 35 past listings, prices have ranged from 1,080〜2,790万円 (approx. $72,000–$186,000 USD at ¥150/$).
Unit sizes range from 58.6–73.0 sqm (631–786 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1LDK (1-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥34.4万/sqm (approx. $2,292/sqm or $213/sqft).
Location & Neighborhood
The property is located at Sakaishi Sakai Ku Shukuin Machi Higashi 3 Choume 1-14 (堺市堺区宿院町東3丁目1-14), Osaka, Japan. It is a 4-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 111 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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