Overview of Rugurande Sumiyoshi Minami (ルグランデ住吉南)
Rugurande Sumiyoshi Minami (ルグランデ住吉南) is a 23-year-old condominium located at Oosakashi Sumiyoshi Ku Sawa Yuki Machi 1 Choume 5-21 (大阪市住吉区沢之町1丁目5-21), Osaka, Japan. Built in 2003, it comprises 45 units in a Reinforced Concrete (RC) structure. It was constructed by Ootani Kensetsu (大谷建設).
Pricing & Floor Plans
Based on 49 past listings, prices have ranged from 1,880〜3,850万円 (approx. $125,333–$256,667 USD at ¥150/$).
Unit sizes range from 71.3–82.3 sqm (767–886 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: ¥40.0万/sqm (approx. $2,664/sqm or $247/sqft).
Location & Neighborhood
The property is located at Oosakashi Sumiyoshi Ku Sawa Yuki Machi 1 Choume 5-21 (大阪市住吉区沢之町1丁目5-21), 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.
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.
Analyze this property's fair price and negotiation room for free at RE:public.