Overview of Hainesu Tennouji (ハイネス天王寺)
Hainesu Tennouji (ハイネス天王寺) is a 45-year-old condominium located at Oosakashi Tennouji Ku Horikoshi Machi 10-16 (大阪市天王寺区堀越町10-16), Osaka, Japan. Built in 1981, it comprises 43 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Morimoto Kumi (森本組).
Pricing & Floor Plans
Based on 41 past listings, prices have ranged from 1,380〜3,990万円 (approx. $92,000–$266,000 USD at ¥150/$).
Unit sizes range from 47.5–101.8 sqm (511–1096 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), 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 1LDK (1-bedroom w/ living-dining-kitchen), 2DK (2-bedroom w/ dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥44.6万/sqm (approx. $2,971/sqm or $276/sqft).
Location & Neighborhood
The property is located at Oosakashi Tennouji Ku Horikoshi Machi 10-16 (大阪市天王寺区堀越町10-16), 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 45 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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