Overview of Arusu Yao Honchou (アルス八尾本町)
Arusu Yao Honchou (アルス八尾本町) is a 23-year-old condominium located at Yaoshi Honchou 5 Choume 8-15 (八尾市本町5丁目8-15), Osaka, Japan. Built in 2003, it comprises 29 units in a Reinforced Concrete (RC) structure. It was constructed by Nakanokooporeeshon (ナカノコーポレーション).
Pricing & Floor Plans
Based on 20 past listings, prices have ranged from 1,780〜3,380万円 (approx. $118,667–$225,333 USD at ¥150/$).
Unit sizes range from 64.2–77.2 sqm (691–831 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3SLDK (3-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥38.0万/sqm (approx. $2,530/sqm or $235/sqft).
Location & Neighborhood
The property is located at Yaoshi Honchou 5 Choume 8-15 (八尾市本町5丁目8-15), Osaka, Japan. It is a 5-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.
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