Overview of Haiyunitaun (ハイユニタウン)
Haiyunitaun (ハイユニタウン) is a 39-year-old condominium located at Koubeshinishiku Gakuen Nishimachi 5 Choume 8-3 (神戸市西区学園西町5丁目8-3), Hyogo, Japan. Built in 1987, it comprises 109 units in a Reinforced Concrete (RC) structure. It was constructed by Hyougo Kensetsu (兵庫建設).
Pricing & Floor Plans
Based on 31 past listings, prices have ranged from 1,600〜3,580万円 (approx. $106,667–$238,667 USD at ¥150/$).
Unit sizes range from 91.0–109.3 sqm (980–1176 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 3SLDK (3-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥26.1万/sqm (approx. $1,741/sqm or $162/sqft).
Location & Neighborhood
The property is located at Koubeshinishiku Gakuen Nishimachi 5 Choume 8-3 (神戸市西区学園西町5丁目8-3), Hyogo, Japan. It is a 9-minute walk to the nearest station. This is considered good station access by Japanese standards.
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 39 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 109 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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