Overview of Arumonii Izumi Chuuou 5 Ban Kan (アルモニー和泉中央５番館)
Arumonii Izumi Chuuou 5 Ban Kan (アルモニー和泉中央５番館) is a 27-year-old condominium located at Izumi Shi Ibuki No 5 Choume 2-5 (和泉市いぶき野5丁目2-5), Osaka, Japan. Built in 1999, it comprises 25 units in a Reinforced Concrete (RC) structure. It was constructed by Hase Kou Kooporeeshon (長谷工コーポレーション).
Pricing & Floor Plans
Based on 11 past listings, prices have ranged from 1,780〜2,640万円 (approx. $118,667–$176,000 USD at ¥150/$).
Unit sizes range from 78.1–84.0 sqm (841–904 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥29.4万/sqm (approx. $1,957/sqm or $182/sqft).
Location & Neighborhood
The property is located at Izumi Shi Ibuki No 5 Choume 2-5 (和泉市いぶき野5丁目2-5), 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 27 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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