Overview of Touwa Ki Kokorozashi Haitaun (藤和喜志ハイタウン)
Touwa Ki Kokorozashi Haitaun (藤和喜志ハイタウン) is a 34-year-old condominium located at Tondabayashi Shi Ki Kokorozashi Machi 3 Choume 7-5 (富田林市喜志町3丁目7-5), Osaka, Japan. Built in 1992, it comprises 113 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Arai Kumi (新井組).
Pricing & Floor Plans
Based on 35 past listings, prices have ranged from 980〜2,498万円 (approx. $65,333–$166,533 USD at ¥150/$).
Unit sizes range from 53.5–86.4 sqm (576–930 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: ¥32.4万/sqm (approx. $2,159/sqm or $201/sqft).
Location & Neighborhood
The property is located at Tondabayashi Shi Ki Kokorozashi Machi 3 Choume 7-5 (富田林市喜志町3丁目7-5), Osaka, Japan. It is a 3-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 34 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 113 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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