Overview of Rejion Awaji (レジオン淡路)
Rejion Awaji (レジオン淡路) is a 27-year-old condominium located at Oosakashi Higashiyodogawa Ku Awaji 3 Choume 17-14 (大阪市東淀川区淡路3丁目17-14), Osaka, Japan. Built in 1999, it comprises 92 units in a Reinforced Concrete (RC) structure. It was constructed by Hase Kou Kooporeeshon , Touyou Kensetsu (長谷工コーポレーション、 東洋建設).
Pricing & Floor Plans
Based on 25 past listings, prices have ranged from 2,180〜4,398万円 (approx. $145,333–$293,200 USD at ¥150/$).
Unit sizes range from 65.7–85.5 sqm (707–920 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3LDK (3-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥57.5万/sqm (approx. $3,830/sqm or $356/sqft).
Location & Neighborhood
The property is located at Oosakashi Higashiyodogawa Ku Awaji 3 Choume 17-14 (大阪市東淀川区淡路3丁目17-14), 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 27 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 92 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.