Overview of Sanshitei Izumigaoka (サンシティ泉ヶ丘)
Sanshitei Izumigaoka (サンシティ泉ヶ丘) is a 29-year-old condominium located at Sakaishi Minamiku Shin Hannan 183 (堺市南区深阪南183), Osaka, Japan. Built in 1997, it comprises 54 units in a Reinforced Concrete (RC) structure. It was constructed by Nishimatsu Kensetsu (西松建設).
Pricing & Floor Plans
Based on 11 past listings, prices have ranged from 1,280〜2,080万円 (approx. $85,333–$138,667 USD at ¥150/$).
Unit sizes range from 70.8–83.4 sqm (762–898 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: ¥23.9万/sqm (approx. $1,594/sqm or $148/sqft).
Location & Neighborhood
The property is located at Sakaishi Minamiku Shin Hannan 183 (堺市南区深阪南183), Osaka, Japan. It is a 13-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 29 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 54 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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