Overview of Yamahana Chuuou Shiteihausu (山鼻中央シティハウス)
Yamahana Chuuou Shiteihausu (山鼻中央シティハウス) is a 35-year-old condominium located at Sapporoshi Chuuouku Minami Juugo Jousai 12 Choume 1-1 (札幌市中央区南十五条西12丁目1-1), Hokkaido, Japan. Built in 1991, it comprises 50 units in a Reinforced Concrete (RC) structure. It was constructed by Tobishima Kensetsu (飛島建設).
Pricing & Floor Plans
Price range: 情報なし.
Estimated price per sqm: ¥37.7万/sqm (approx. $2,513/sqm or $233/sqft).
Location & Neighborhood
The property is located at Sapporoshi Chuuouku Minami Juugo Jousai 12 Choume 1-1 (札幌市中央区南十五条西12丁目1-1), Hokkaido, Japan. It is a 5-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 35 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 50 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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