Overview of Nagaikouen Sukaihaitsu (長居公園スカイハイツ)
Nagaikouen Sukaihaitsu (長居公園スカイハイツ) is a 49-year-old condominium located at Oosakashi Higashisumiyoshi Ku Kouen Minami Yada 1 Choume 17-7 (大阪市東住吉区公園南矢田1丁目17-7), Osaka, Japan. Built in 1977, it comprises 80 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Hasegawakoumuten (長谷川工務店).
Pricing & Floor Plans
Based on 62 past listings, prices have ranged from 720〜2,580万円 (approx. $48,000–$172,000 USD at ¥150/$).
Unit sizes range from 46.5–71.5 sqm (501–770 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 1LDK (1-bedroom w/ living-dining-kitchen), 2DK (2-bedroom w/ dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen), 3DK (3-bedroom w/ dining-kitchen).
Estimated price per sqm: ¥36.3万/sqm (approx. $2,421/sqm or $225/sqft).
Location & Neighborhood
The property is located at Oosakashi Higashisumiyoshi Ku Kouen Minami Yada 1 Choume 17-7 (大阪市東住吉区公園南矢田1丁目17-7), Osaka, Japan. It is a 11-minute walk to the nearest station. In Japan, station proximity significantly affects property values and daily convenience.
Investment Perspective
Seismic standards: Built in 1977, this property predates Japan's 1981 New Seismic Design Standards (新耐震基準). Buildings constructed before June 1981 were built to older earthquake resistance codes. Buyers should consider seismic retrofit status.
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 49 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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