Overview of Puresansu Ootemae Paakusaido (プレサンス大手前パークサイド)
Puresansu Ootemae Paakusaido (プレサンス大手前パークサイド) is a 25-year-old condominium located at Oosakashi Chuuouku Itoya Machi 2 Choume 1-2 (大阪市中央区糸屋町2丁目1-2), Osaka, Japan. Built in 2001, it comprises 42 units in a Reinforced Concrete (RC) structure. It was constructed by Okumura Kumi (奥村組).
Pricing & Floor Plans
Based on 11 past listings, prices have ranged from 960〜2,740万円 (approx. $64,000–$182,667 USD at ¥150/$).
Unit sizes range from 21.6–43.1 sqm (233–464 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1LDK (1-bedroom w/ living-dining-kitchen), 1K (1-bedroom w/ kitchen), 1R (Studio).
Estimated price per sqm: ¥64.9万/sqm (approx. $4,324/sqm or $402/sqft).
Location & Neighborhood
The property is located at Oosakashi Chuuouku Itoya Machi 2 Choume 1-2 (大阪市中央区糸屋町2丁目1-2), 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 25 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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