Overview of Paakusukuea Dai Imasato (パークスクエア大今里)
Paakusukuea Dai Imasato (パークスクエア大今里) is a 23-year-old condominium located at Oosakashi Higashinari Ku Dai Imasato Minami 1 Choume 21-12 (大阪市東成区大今里南1丁目21-12), Osaka, Japan. Built in 2003, it comprises 153 units in a Reinforced Concrete (RC) structure. It was constructed by Kashima Kensetsu (鹿島建設).
Pricing & Floor Plans
Based on 87 past listings, prices have ranged from 2,280〜4,980万円 (approx. $152,000–$332,000 USD at ¥150/$).
Unit sizes range from 66.9–102.9 sqm (720–1108 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1LDK (1-bedroom w/ living-dining-kitchen), 4SLDK (4-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥63.4万/sqm (approx. $4,228/sqm or $393/sqft).
Location & Neighborhood
The property is located at Oosakashi Higashinari Ku Dai Imasato Minami 1 Choume 21-12 (大阪市東成区大今里南1丁目21-12), Osaka, Japan. It is a 3-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 23 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 153 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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