Overview of Shiteitawaa Oosaka (シティタワー大阪)
Shiteitawaa Oosaka (シティタワー大阪) is a 23-year-old condominium located at Oosakashi Chuuouku Kawarachou 1 Choume 6-1 (大阪市中央区瓦町1丁目6-1), Osaka, Japan. Built in 2003, it comprises 357 units in a 不明 structure. It was constructed by Asanuma Kumi (淺沼組).
Pricing & Floor Plans
Based on 354 past listings, prices have ranged from 2,750〜25,800万円 (approx. $183,333–$1,720,000 USD at ¥150/$).
Unit sizes range from 57.9–233.8 sqm (623–2517 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2LDK (2-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen), 1LDK (1-bedroom w/ living-dining-kitchen), 3SLDK (3-bedroom w/ living-dining-kitchen + service room), 2SLDK (2-bedroom w/ living-dining-kitchen + service room).
Estimated price per sqm: ¥114.8万/sqm (approx. $7,653/sqm or $711/sqft).
Location & Neighborhood
The property is located at Oosakashi Chuuouku Kawarachou 1 Choume 6-1 (大阪市中央区瓦町1丁目6-1), 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 23 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 357 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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