Overview of Rumon Higashikagaya (ルモン東加賀屋)
Rumon Higashikagaya (ルモン東加賀屋) is a 30-year-old condominium located at Oosakashi Suminoe Ku Higashikagaya 1 Choume 12-9 (大阪市住之江区東加賀屋1丁目12-9), Osaka, Japan. Built in 1996, it comprises 117 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Toukaikougyou (東海興業).
Pricing & Floor Plans
Based on 52 past listings, prices have ranged from 1,580〜3,380万円 (approx. $105,333–$225,333 USD at ¥150/$).
Unit sizes range from 61.0–67.9 sqm (657–731 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1SLDK (1-bedroom w/ living-dining-kitchen + service room), 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 4DK (4-bedroom w/ dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥49.0万/sqm (approx. $3,264/sqm or $303/sqft).
Location & Neighborhood
The property is located at Oosakashi Suminoe Ku Higashikagaya 1 Choume 12-9 (大阪市住之江区東加賀屋1丁目12-9), Osaka, Japan. It is a 4-minute walk to the nearest station. This is considered excellent station access in Japan, where most daily errands are done on foot or by train.
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 30 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 117 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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