Overview of Rune Suminoe (ルネ住之江)
Rune Suminoe (ルネ住之江) is a 41-year-old condominium located at Oosakashi Suminoe Ku Hirabayashi Minami 2 Choume 6-54 (大阪市住之江区平林南2丁目6-54), Osaka, Japan. Built in 1985, it comprises 298 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Hasegawakoumuten (長谷川工務店).
Pricing & Floor Plans
Based on 230 past listings, prices have ranged from 750〜2,380万円 (approx. $50,000–$158,667 USD at ¥150/$).
Unit sizes range from 52.1–70.3 sqm (561–757 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), 4LDK (4-bedroom w/ living-dining-kitchen), 1LDK (1-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen), 3DK (3-bedroom w/ dining-kitchen).
Estimated price per sqm: ¥26.6万/sqm (approx. $1,775/sqm or $165/sqft).
Location & Neighborhood
The property is located at Oosakashi Suminoe Ku Hirabayashi Minami 2 Choume 6-54 (大阪市住之江区平林南2丁目6-54), Osaka, Japan. It is a 5-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.
Scale advantage: With 298 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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