Overview of Moarittsu Kyuujou Minami (モアリッツ九条南)
Moarittsu Kyuujou Minami (モアリッツ九条南) is a 37-year-old condominium located at Oosakashi Nishiku Kyuujou Minami 4 Choume 3-11 (大阪市西区九条南4丁目3-11), Osaka, Japan. Built in 1989, it comprises 32 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Fuji Kensetsu (不二建設).
Pricing & Floor Plans
Based on 25 past listings, prices have ranged from 1,170〜2,830万円 (approx. $78,000–$188,667 USD at ¥150/$).
Unit sizes range from 51.5–59.0 sqm (554–635 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 2DK (2-bedroom w/ dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen), 3DK (3-bedroom w/ dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥50.6万/sqm (approx. $3,372/sqm or $313/sqft).
Location & Neighborhood
The property is located at Oosakashi Nishiku Kyuujou Minami 4 Choume 3-11 (大阪市西区九条南4丁目3-11), Osaka, Japan. It is a 8-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 37 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
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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