Overview of Kingumanshon Miyako Shima 2 (キングマンション都島２)
Kingumanshon Miyako Shima 2 (キングマンション都島２) is a 29-year-old condominium located at Oosakashi Miyako Shima Ku Miyako Shima Kita Toori 2 Choume 8-16 (大阪市都島区都島北通2丁目8-16), Osaka, Japan. Built in 1997, it comprises 70 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Oobayashi Kumi (大林組).
Pricing & Floor Plans
Based on 30 past listings, prices have ranged from 1,850〜4,390万円 (approx. $123,333–$292,667 USD at ¥150/$).
Unit sizes range from 59.3–66.8 sqm (638–719 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥64.5万/sqm (approx. $4,301/sqm or $400/sqft).
Location & Neighborhood
The property is located at Oosakashi Miyako Shima Ku Miyako Shima Kita Toori 2 Choume 8-16 (大阪市都島区都島北通2丁目8-16), Osaka, Japan. It is a 6-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 29 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 70 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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