Overview of Koojiisukuea Kosaka Higashi (コージースクエア小阪東)
Koojiisukuea Kosaka Higashi (コージースクエア小阪東) is a 27-year-old condominium located at Higashioosakashi Mikuriya Naka 1 Choume 4-23 (東大阪市御厨中1丁目4-23), Osaka, Japan. Built in 1999, it comprises 41 units in a Reinforced Concrete (RC) structure. It was constructed by Dai Matsu Kensetsu (大末建設).
Pricing & Floor Plans
Based on 15 past listings, prices have ranged from 1,750〜3,380万円 (approx. $116,667–$225,333 USD at ¥150/$).
Unit sizes range from 68.2–99.6 sqm (734–1072 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), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥40.1万/sqm (approx. $2,677/sqm or $249/sqft).
Location & Neighborhood
The property is located at Higashioosakashi Mikuriya Naka 1 Choume 4-23 (東大阪市御厨中1丁目4-23), Osaka, Japan. It is a 10-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.
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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