Overview of Nobakaneichi Tsuku No Dai (ノバカネイチ津久野台)
Nobakaneichi Tsuku No Dai (ノバカネイチ津久野台) is a 41-year-old condominium located at Sakaishi Nishiku Hiraoka Machi 185-12 (堺市西区平岡町185-12), Osaka, Japan. Built in 1985, it comprises 82 units in a Reinforced Concrete (RC) structure. It was constructed by Taiseikensetsu (大成建設).
Pricing & Floor Plans
Based on 57 past listings, prices have ranged from 550〜2,180万円 (approx. $36,667–$145,333 USD at ¥150/$).
Unit sizes range from 42.9–76.3 sqm (462–821 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 2DK (2-bedroom w/ dining-kitchen), 4DK (4-bedroom w/ dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥15.9万/sqm (approx. $1,061/sqm or $99/sqft).
Location & Neighborhood
The property is located at Sakaishi Nishiku Hiraoka Machi 185-12 (堺市西区平岡町185-12), Osaka, Japan. It is a 16-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 41 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 82 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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