Overview of Dinasutei Shimizudani 2 (ディナスティ清水谷2)
Dinasutei Shimizudani 2 (ディナスティ清水谷2) is a 27-year-old condominium located at Oosakashi Chuuouku Uemachi 1 Choume 26-2 (大阪市中央区上町1丁目26-2), Osaka, Japan. Built in 1999, it comprises 41 units in a Reinforced Concrete (RC) structure. It was constructed by Kanayama Koumuten (金山工務店).
Pricing & Floor Plans
Based on 26 past listings, prices have ranged from 750〜1,350万円 (approx. $50,000–$90,000 USD at ¥150/$).
Unit sizes range from 18.5–19.2 sqm (199–207 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1K (1-bedroom w/ kitchen), 1R (Studio).
Estimated price per sqm: ¥59.3万/sqm (approx. $3,954/sqm or $367/sqft).
Location & Neighborhood
The property is located at Oosakashi Chuuouku Uemachi 1 Choume 26-2 (大阪市中央区上町1丁目26-2), Osaka, Japan. It is a 4-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 27 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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