Overview of Kyasuteejipaaku 2 Bangai (キャステージパーク２番街)
Kyasuteejipaaku 2 Bangai (キャステージパーク２番街) is a 31-year-old condominium located at Yaoshi Nagahata Machi 3 Choume 1-40 (八尾市永畑町3丁目1-40), Osaka, Japan. Built in 1995, it comprises 123 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Hase Kou Kooporeeshon (長谷工コーポレーション).
Pricing & Floor Plans
Based on 43 past listings, prices have ranged from 1,180〜2,680万円 (approx. $78,667–$178,667 USD at ¥150/$).
Unit sizes range from 57.2–72.0 sqm (616–775 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2LDK (2-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥36.2万/sqm (approx. $2,413/sqm or $224/sqft).
Location & Neighborhood
The property is located at Yaoshi Nagahata Machi 3 Choume 1-40 (八尾市永畑町3丁目1-40), 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 31 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 123 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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