Overview of Parashio Oosakajou Kouen (パラシオ大阪城公園)
Parashio Oosakajou Kouen (パラシオ大阪城公園) is a 25-year-old condominium located at Oosakashi Joutouku Morinomiya 2 Choume 2-20 (大阪市城東区森之宮2丁目2-20), Osaka, Japan. Built in 2001, it comprises 99 units in a Reinforced Concrete (RC) structure. It was constructed by Daihoukensetsu (大豊建設).
Pricing & Floor Plans
Based on 28 past listings, prices have ranged from 1,580〜4,180万円 (approx. $105,333–$278,667 USD at ¥150/$).
Unit sizes range from 62.5–83.6 sqm (673–900 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥55.9万/sqm (approx. $3,727/sqm or $346/sqft).
Location & Neighborhood
The property is located at Oosakashi Joutouku Morinomiya 2 Choume 2-20 (大阪市城東区森之宮2丁目2-20), Osaka, Japan. It is a 12-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 25 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 99 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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