Overview of Kosumoshitei Shinrinkouen (コスモシティ森林公園)
Kosumoshitei Shinrinkouen (コスモシティ森林公園) is a 39-year-old condominium located at Oosakashi Higashiyodogawa Ku Joushin Shou 3 Choume 1-1 (大阪市東淀川区上新庄3丁目1-1), Osaka, Japan. Built in 1987, it comprises 199 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Hasegawakoumuten (長谷川工務店).
Pricing & Floor Plans
Price range: 情報なし.
Estimated price per sqm: ¥41.6万/sqm (approx. $2,771/sqm or $257/sqft).
Location & Neighborhood
The property is located at Oosakashi Higashiyodogawa Ku Joushin Shou 3 Choume 1-1 (大阪市東淀川区上新庄3丁目1-1), Osaka, Japan. It is a 8-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 39 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 199 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.
Analyze this property's fair price and negotiation room for free at RE:public.