Overview of Raionzumanshon Suminoe Kouen (ライオンズマンション住之江公園)
Raionzumanshon Suminoe Kouen (ライオンズマンション住之江公園) is a 27-year-old condominium located at Oosakashi Suminoe Ku Misaki 6 Choume 2-2 (大阪市住之江区御崎6丁目2-2), Osaka, Japan. Built in 1999, it comprises 51 units in a Reinforced Concrete (RC) structure. It was constructed by Dainippon Doboku , Taihou Kyoudou Kigyoutai (大日本土木、 大鵬共同企業体).
Pricing & Floor Plans
Based on 11 past listings, prices have ranged from 1,950〜3,398万円 (approx. $130,000–$226,533 USD at ¥150/$).
Unit sizes range from 66.4–78.2 sqm (715–842 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 3SLDK (3-bedroom w/ living-dining-kitchen + service room), 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥45.8万/sqm (approx. $3,054/sqm or $284/sqft).
Location & Neighborhood
The property is located at Oosakashi Suminoe Ku Misaki 6 Choume 2-2 (大阪市住之江区御崎6丁目2-2), Osaka, Japan. It is a 6-minute walk to the nearest station. This is considered good station access by Japanese standards.
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 51 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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