Overview of Raionzuhiruzu Sakai Horigami Machi (ライオンズヒルズ堺堀上町)
Raionzuhiruzu Sakai Horigami Machi (ライオンズヒルズ堺堀上町) is a 32-year-old condominium located at Sakaishi Nakaku Horigami Machi 217-1 (堺市中区堀上町217-1), Osaka, Japan. Built in 1994, it comprises 30 units in a Reinforced Concrete (RC) structure. It was constructed by Taihou , Tada Kensetsu (大鵬、 多田建設).
Pricing & Floor Plans
Based on 28 past listings, prices have ranged from 790〜1,800万円 (approx. $52,667–$120,000 USD at ¥150/$).
Unit sizes range from 69.3–69.3 sqm (746–746 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2LDK (2-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥14.7万/sqm (approx. $981/sqm or $91/sqft).
Location & Neighborhood
The property is located at Sakaishi Nakaku Horigami Machi 217-1 (堺市中区堀上町217-1), Osaka, Japan. It is a 18-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.
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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