Overview of Gyarariikootohaimu Ueno Shiba (ギャラリーコートハイム上野芝)
Gyarariikootohaimu Ueno Shiba (ギャラリーコートハイム上野芝) is a 35-year-old condominium located at Sakaishi Nishiku Ueno Shiba Machi 8 Choume 18-5 (堺市西区上野芝町8丁目18-5), Osaka, Japan. Built in 1991, it comprises 35 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 25 past listings, prices have ranged from 1,198〜2,590万円 (approx. $79,867–$172,667 USD at ¥150/$).
Unit sizes range from 80.1–122.6 sqm (862–1320 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥22.2万/sqm (approx. $1,481/sqm or $138/sqft).
Location & Neighborhood
The property is located at Sakaishi Nishiku Ueno Shiba Machi 8 Choume 18-5 (堺市西区上野芝町8丁目18-5), Osaka, Japan. It is a 14-minute walk to the nearest station. In Japan, station proximity significantly affects property values and daily convenience.
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 35 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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