Overview of Jiinisu Oosaka (ジーニス大阪)
Jiinisu Oosaka (ジーニス大阪) is a 23-year-old condominium located at Oosakashi Kitaku Sugawara Machi 10-11 (大阪市北区菅原町10-11), Osaka, Japan. Built in 2003, it comprises 360 units in a Reinforced Concrete (RC) structure. It was constructed by Oobayashi Kumi , Goyoukensetsu , Matsumura Kumi , Hase Kou Kooporeeshon (大林組、 五洋建設、 松村組、 長谷工コーポレーション).
Pricing & Floor Plans
Based on 167 past listings, prices have ranged from 2,300〜14,200万円 (approx. $153,333–$946,667 USD at ¥150/$).
Unit sizes range from 37.9–142.1 sqm (408–1530 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 1LDK (1-bedroom w/ living-dining-kitchen), 1R (Studio), 3LDK (3-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥141.2万/sqm (approx. $9,415/sqm or $875/sqft).
Location & Neighborhood
The property is located at Oosakashi Kitaku Sugawara Machi 10-11 (大阪市北区菅原町10-11), 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.
Scale advantage: With 360 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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