Overview of Famiiru Joutou Chuuou (ファミール城東中央)
Famiiru Joutou Chuuou (ファミール城東中央) is a 27-year-old condominium located at Oosakashi Joutouku Chuuou 2 Choume 1-31 (大阪市城東区中央2丁目1-31), Osaka, Japan. Built in 1999, it comprises 69 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Nankai Tatsumura Kensetsu (南海辰村建設).
Pricing & Floor Plans
Based on 32 past listings, prices have ranged from 1,850〜4,390万円 (approx. $123,333–$292,667 USD at ¥150/$).
Unit sizes range from 60.1–73.5 sqm (647–791 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2LDK (2-bedroom w/ living-dining-kitchen), 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥55.0万/sqm (approx. $3,666/sqm or $341/sqft).
Location & Neighborhood
The property is located at Oosakashi Joutouku Chuuou 2 Choume 1-31 (大阪市城東区中央2丁目1-31), 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 27 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 69 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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