Overview of Nankai Shiteikooto Kongou (南海シティコート金剛)
Nankai Shiteikooto Kongou (南海シティコート金剛) is a 23-year-old condominium located at Oosakasayama Shi Kongou 1 Choume 2-1 (大阪狭山市金剛1丁目2-1), Osaka, Japan. Built in 2003, it comprises 51 units in a Reinforced Concrete (RC) structure. It was constructed by Hase Kou Kooporeeshon (長谷工コーポレーション).
Pricing & Floor Plans
Based on 28 past listings, prices have ranged from 3,180〜6,980万円 (approx. $212,000–$465,333 USD at ¥150/$).
Unit sizes range from 80.2–115.0 sqm (863–1238 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3LDK (3-bedroom w/ living-dining-kitchen), 3SLDK (3-bedroom w/ living-dining-kitchen + service room), 4LDK (4-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥50.1万/sqm (approx. $3,343/sqm or $311/sqft).
Location & Neighborhood
The property is located at Oosakasayama Shi Kongou 1 Choume 2-1 (大阪狭山市金剛1丁目2-1), Osaka, Japan. It is a 1-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 23 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 51 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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