Overview of Roiyarumedou Hanazono (ロイヤルメドゥ花園)
Roiyarumedou Hanazono (ロイヤルメドゥ花園) is a 30-year-old condominium located at Oosakashi Nishinari Ku Matsu 3 Choume 3-39 (大阪市西成区松3丁目3-39), Osaka, Japan. Built in 1996, it comprises 40 units in a Reinforced Concrete (RC) structure. It was constructed by Tekken Kensetsu (鉄建建設).
Pricing & Floor Plans
Based on 26 past listings, prices have ranged from 1,280〜3,090万円 (approx. $85,333–$206,000 USD at ¥150/$).
Unit sizes range from 81.9–82.7 sqm (882–890 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: ¥31.1万/sqm (approx. $2,075/sqm or $193/sqft).
Location & Neighborhood
The property is located at Oosakashi Nishinari Ku Matsu 3 Choume 3-39 (大阪市西成区松3丁目3-39), 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.
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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