Overview of Ekuseransu Oono Shiba (エクセランス大野芝)
Ekuseransu Oono Shiba (エクセランス大野芝) is a 32-year-old condominium located at Sakaishi Nakaku Oono Shiba Machi 186-2 (堺市中区大野芝町186-2), Osaka, Japan. Built in 1994, it comprises 75 units in a Reinforced Concrete (RC) structure. It was constructed by Toukaikougyou (東海興業).
Pricing & Floor Plans
Based on 64 past listings, prices have ranged from 790〜2,290万円 (approx. $52,667–$152,667 USD at ¥150/$).
Unit sizes range from 55.0–76.1 sqm (592–819 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1LDK (1-bedroom w/ living-dining-kitchen), 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: ¥29.3万/sqm (approx. $1,955/sqm or $182/sqft).
Location & Neighborhood
The property is located at Sakaishi Nakaku Oono Shiba Machi 186-2 (堺市中区大野芝町186-2), 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 32 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 75 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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