Overview of Peruru Kishinosato (ペルル岸里)
Peruru Kishinosato (ペルル岸里) is a 24-year-old condominium located at Oosakashi Nishinari Ku Shioji 1 Choume 8-34 (大阪市西成区潮路1丁目8-34), Osaka, Japan. Built in 2002, it comprises 67 units in a Reinforced Concrete (RC) structure. It was constructed by Asanuma Kumi (淺沼組).
Pricing & Floor Plans
Based on 22 past listings, prices have ranged from 1,890〜6,480万円 (approx. $126,000–$432,000 USD at ¥150/$).
Unit sizes range from 61.2–78.5 sqm (659–845 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3DK (3-bedroom w/ dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥62.4万/sqm (approx. $4,161/sqm or $387/sqft).
Location & Neighborhood
The property is located at Oosakashi Nishinari Ku Shioji 1 Choume 8-34 (大阪市西成区潮路1丁目8-34), Osaka, Japan. It is a 2-minute walk to the nearest station. This is considered excellent station access in Japan, where most daily errands are done on foot or by train.
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 67 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.