Overview of Roiaruhaitsu Sumiyoshi (ロイアルハイツ住吉)
Roiaruhaitsu Sumiyoshi (ロイアルハイツ住吉) is a 41-year-old condominium located at Oosakashi Sumiyoshi Ku Higashi Kohama 3 Choume 12-16 (大阪市住吉区東粉浜3丁目12-16), Osaka, Japan. Built in 1985, it comprises 25 units in a Reinforced Concrete (RC) structure. It was constructed by Taiseikensetsu (大成建設).
Pricing & Floor Plans
Based on 21 past listings, prices have ranged from 1,050〜2,780万円 (approx. $70,000–$185,333 USD at ¥150/$).
Unit sizes range from 59.8–72.5 sqm (644–780 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), 3DK (3-bedroom w/ dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥26.2万/sqm (approx. $1,744/sqm or $162/sqft).
Location & Neighborhood
The property is located at Oosakashi Sumiyoshi Ku Higashi Kohama 3 Choume 12-16 (大阪市住吉区東粉浜3丁目12-16), 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 41 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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