Overview of Raguza Oosaka Rejidensu (ラグザ大阪レジデンス)
Raguza Oosaka Rejidensu (ラグザ大阪レジデンス) is a 27-year-old condominium located at Oosakashi Fukushima Ku Fukushima 5 Choume 6-38 (大阪市福島区福島5丁目6-38), Osaka, Japan. Built in 1999, it comprises 112 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Takenakakoumuten , Hanshin Kensetsu , Goyoukensetsu (竹中工務店、 ハンシン建設、 五洋建設).
Pricing & Floor Plans
Based on 46 past listings, prices have ranged from 2,000〜9,200万円 (approx. $133,333–$613,333 USD at ¥150/$).
Unit sizes range from 55.2–125.0 sqm (594–1345 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).
Estimated price per sqm: ¥60.2万/sqm (approx. $4,011/sqm or $373/sqft).
Location & Neighborhood
The property is located at Oosakashi Fukushima Ku Fukushima 5 Choume 6-38 (大阪市福島区福島5丁目6-38), Osaka, Japan. It is a 2-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 27 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 112 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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