Overview of Asahi Puraza Tenka Chaya 2 (朝日プラザ天下茶屋２)
Asahi Puraza Tenka Chaya 2 (朝日プラザ天下茶屋２) is a 34-year-old condominium located at Oosakashi Nishinari Ku Tenka Chaya 1 Choume 2-13 (大阪市西成区天下茶屋1丁目2-13), Osaka, Japan. Built in 1992, it comprises 80 units in a Reinforced Concrete (RC) structure. It was constructed by Tada Kensetsu (多田建設).
Pricing & Floor Plans
Based on 78 past listings, prices have ranged from 830〜2,398万円 (approx. $55,333–$159,867 USD at ¥150/$).
Unit sizes range from 53.2–72.7 sqm (573–783 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1LDK (1-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥26.9万/sqm (approx. $1,794/sqm or $167/sqft).
Location & Neighborhood
The property is located at Oosakashi Nishinari Ku Tenka Chaya 1 Choume 2-13 (大阪市西成区天下茶屋1丁目2-13), Osaka, Japan. It is a 2-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 34 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 80 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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