Overview of Ribeerushitei Suita (リベールシティ吹田)
Ribeerushitei Suita (リベールシティ吹田) is a 24-year-old condominium located at Suitashi Honami Machi 14-2 (吹田市穂波町14-2), Osaka, Japan. Built in 2002, it comprises 49 units in a Reinforced Concrete (RC) structure. It was constructed by Arai Kumi (新井組).
Pricing & Floor Plans
Based on 30 past listings, prices have ranged from 2,220〜5,280万円 (approx. $148,000–$352,000 USD at ¥150/$).
Unit sizes range from 67.2–86.9 sqm (723–935 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3LDK (3-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥57.9万/sqm (approx. $3,861/sqm or $359/sqft).
Location & Neighborhood
The property is located at Suitashi Honami Machi 14-2 (吹田市穂波町14-2), 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 24 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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