Overview of Roorerusukuea Miyako Shima Erufurattsu (ローレルスクエア都島エルフラッツ)
Roorerusukuea Miyako Shima Erufurattsu (ローレルスクエア都島エルフラッツ) is a 23-year-old condominium located at Oosakashi Miyako Shima Ku Tomo Fuchimachi 1 Choume 6-5 (大阪市都島区友渕町1丁目6-5), Osaka, Japan. Built in 2003, it comprises 158 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Kashima Kensetsu , Dainippon Doboku , Okumura Kumi , Fudou Kensetsu (鹿島建設、 大日本土木、 奥村組、 不動建設).
Pricing & Floor Plans
Based on 69 past listings, prices have ranged from 2,650〜7,180万円 (approx. $176,667–$478,667 USD at ¥150/$).
Unit sizes range from 61.1–103.7 sqm (658–1116 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 3SLDK (3-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥66.5万/sqm (approx. $4,431/sqm or $412/sqft).
Location & Neighborhood
The property is located at Oosakashi Miyako Shima Ku Tomo Fuchimachi 1 Choume 6-5 (大阪市都島区友渕町1丁目6-5), Osaka, Japan. It is a 9-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 23 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 158 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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