Overview of Riigaru Fukushima Amida Ike (リーガル 福島あみだ池)
Riigaru Fukushima Amida Ike (リーガル 福島あみだ池) is a 24-year-old condominium located at Oosakashi Fukushima Ku Fukushima 5 Choume 17-17 (大阪市福島区福島5丁目17-17), Osaka, Japan. Built in 2002, it comprises 54 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Aoki Kensetsu (青木建設).
Pricing & Floor Plans
Based on 94 past listings, prices have ranged from 2,430〜9,980万円 (approx. $162,000–$665,333 USD at ¥150/$).
Unit sizes range from 43.8–120.4 sqm (471–1296 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1LDK (1-bedroom w/ living-dining-kitchen), 1SLDK (1-bedroom w/ living-dining-kitchen + service room), 2LDK (2-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥83.3万/sqm (approx. $5,553/sqm or $516/sqft).
Location & Neighborhood
The property is located at Oosakashi Fukushima Ku Fukushima 5 Choume 17-17 (大阪市福島区福島5丁目17-17), 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 24 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 54 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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