Overview of Asahi Purazapureeru Kishinosato (朝日プラザプレール岸里)
Asahi Purazapureeru Kishinosato (朝日プラザプレール岸里) is a 35-year-old condominium located at Oosakashi Nishinari Ku Senbon Minami 1 Choume 11-14 (大阪市西成区千本南1丁目11-14), Osaka, Japan. Built in 1991, it comprises 74 units in a Reinforced Concrete (RC) structure. It was constructed by Asahi Juuken , Aisawa Kougyou (朝日住建、 アイサワ工業).
Pricing & Floor Plans
Based on 42 past listings, prices have ranged from 700〜2,580万円 (approx. $46,667–$172,000 USD at ¥150/$).
Unit sizes range from 47.3–71.9 sqm (509–774 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1LDK (1-bedroom w/ living-dining-kitchen), 1SLDK (1-bedroom w/ living-dining-kitchen + service room), 2LDK (2-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥30.8万/sqm (approx. $2,055/sqm or $191/sqft).
Location & Neighborhood
The property is located at Oosakashi Nishinari Ku Senbon Minami 1 Choume 11-14 (大阪市西成区千本南1丁目11-14), Osaka, Japan. It is a 7-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 35 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 74 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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