Overview of Purefashio Kouen Minami (プレファシオ公園南)
Purefashio Kouen Minami (プレファシオ公園南) is a 23-year-old condominium located at Oosakashi Higashisumiyoshi Ku Kouen Minami Yada 3 Choume 20-17 (大阪市東住吉区公園南矢田3丁目20-17), Osaka, Japan. Built in 2003, it comprises 20 units in a Reinforced Concrete (RC) structure. It was constructed by Matsumoto Kumi (松本組).
Pricing & Floor Plans
Based on 11 past listings, prices have ranged from 1,380〜2,480万円 (approx. $92,000–$165,333 USD at ¥150/$).
Unit sizes range from 63.5–78.6 sqm (684–846 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2LDK (2-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Location & Neighborhood
The property is located at Oosakashi Higashisumiyoshi Ku Kouen Minami Yada 3 Choume 20-17 (大阪市東住吉区公園南矢田3丁目20-17), Osaka, Japan. It is a 13-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 23 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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