Overview of Daiaparesu Suminoe Kouen (ダイアパレス住之江公園)
Daiaparesu Suminoe Kouen (ダイアパレス住之江公園) is a 29-year-old condominium located at Oosakashi Suminoe Ku Nikita Shima 5 Choume 3-22 (大阪市住之江区新北島5丁目3-22), Osaka, Japan. Built in 1997, it comprises 43 units in a Reinforced Concrete (RC) structure. It was constructed by Magara Kensetsu (真柄建設).
Pricing & Floor Plans
Based on 33 past listings, prices have ranged from 1,380〜2,480万円 (approx. $92,000–$165,333 USD at ¥150/$).
Unit sizes range from 63.2–67.1 sqm (680–722 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-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: ¥35.1万/sqm (approx. $2,339/sqm or $217/sqft).
Location & Neighborhood
The property is located at Oosakashi Suminoe Ku Nikita Shima 5 Choume 3-22 (大阪市住之江区新北島5丁目3-22), Osaka, Japan. It is a 11-minute walk to the nearest station. In Japan, station proximity significantly affects property values and daily convenience.
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 29 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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