Overview of Roorerusukuea Miyako Shima (ローレルスクエア都島)
Roorerusukuea Miyako Shima (ローレルスクエア都島) is a 25-year-old condominium located at Oosakashi Miyako Shima Ku Tomo Fuchimachi 1 Choume 6-1 (大阪市都島区友渕町1丁目6-1), Osaka, Japan. Built in 2001, it comprises 460 units in a Reinforced Concrete (RC) structure. It was constructed by Kashima Kensetsu , Dainippon Doboku , Okumura Kumi (鹿島建設、 大日本土木、 奥村組).
Pricing & Floor Plans
Price range: 情報なし.
Estimated price per sqm: ¥85.8万/sqm (approx. $5,719/sqm or $531/sqft).
Location & Neighborhood
The property is located at Oosakashi Miyako Shima Ku Tomo Fuchimachi 1 Choume 6-1 (大阪市都島区友渕町1丁目6-1), 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 25 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 460 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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