Overview of Roorerusukuea Miyako Shima Puraimutawaa (ローレルスクエア都島プライムタワー)
Roorerusukuea Miyako Shima Puraimutawaa (ローレルスクエア都島プライムタワー) is a 25-year-old condominium located at Oosakashi Miyako Shima Ku Tomo Fuchimachi 1 Choume 6-4 (大阪市都島区友渕町1丁目6-4), Osaka, Japan. Built in 2001, it comprises 257 units in a Reinforced Concrete (RC) structure. It was constructed by Kashima Kensetsu , Dainippon Doboku , Okumura Kumi (鹿島建設、 大日本土木、 奥村組).
Pricing & Floor Plans
Based on 136 past listings, prices have ranged from 1,780〜10,900万円 (approx. $118,667–$726,667 USD at ¥150/$).
Unit sizes range from 60.0–117.3 sqm (646–1263 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2LDK (2-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen), 1LDK (1-bedroom w/ living-dining-kitchen), 3SLDK (3-bedroom w/ living-dining-kitchen + service room).
Estimated price per sqm: ¥87.2万/sqm (approx. $5,811/sqm or $540/sqft).
Location & Neighborhood
The property is located at Oosakashi Miyako Shima Ku Tomo Fuchimachi 1 Choume 6-4 (大阪市都島区友渕町1丁目6-4), Osaka, Japan. It is a 10-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 25 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 257 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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