Overview of Roiyaruaaku Nagaikouen (ロイヤルアーク長居公園)
Roiyaruaaku Nagaikouen (ロイヤルアーク長居公園) is a 24-year-old condominium located at Oosakashi Sumiyoshi Ku Tairyou 5 Choume 11-14 (大阪市住吉区大領5丁目11-14), Osaka, Japan. Built in 2002, it comprises 56 units in a Reinforced Concrete (RC) structure. It was constructed by Fuji Kensetsu (不二建設).
Pricing & Floor Plans
Based on 22 past listings, prices have ranged from 1,980〜4,780万円 (approx. $132,000–$318,667 USD at ¥150/$).
Unit sizes range from 66.1–91.9 sqm (711–989 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: ¥50.9万/sqm (approx. $3,391/sqm or $315/sqft).
Location & Neighborhood
The property is located at Oosakashi Sumiyoshi Ku Tairyou 5 Choume 11-14 (大阪市住吉区大領5丁目11-14), Osaka, Japan. It is a 7-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 56 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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