Overview of Kosumo Fukushima Sagisu Paakubyuu (コスモ福島鷺洲パークビュー)
Kosumo Fukushima Sagisu Paakubyuu (コスモ福島鷺洲パークビュー) is a 24-year-old condominium located at Oosakashi Fukushima Ku Sagisu 5 Choume 6-41 (大阪市福島区鷺洲5丁目6-41), Osaka, Japan. Built in 2002, it comprises 94 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Nissan Kensetsu , Andou Kensetsu (日産建設、 安藤建設).
Pricing & Floor Plans
Based on 29 past listings, prices have ranged from 2,980〜7,180万円 (approx. $198,667–$478,667 USD at ¥150/$).
Unit sizes range from 65.0–85.2 sqm (700–917 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥78.1万/sqm (approx. $5,205/sqm or $484/sqft).
Location & Neighborhood
The property is located at Oosakashi Fukushima Ku Sagisu 5 Choume 6-41 (大阪市福島区鷺洲5丁目6-41), Osaka, Japan. It is a 9-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.
Scale advantage: With 94 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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