Overview of Neoroiyaruhaitsu Higashisumiyoshi (ネオロイヤルハイツ東住吉)
Neoroiyaruhaitsu Higashisumiyoshi (ネオロイヤルハイツ東住吉) is a 24-year-old condominium located at Oosakashi Higashisumiyoshi Ku Suminodou Yada 5 Choume 6-30 (大阪市東住吉区住道矢田5丁目6-30), Osaka, Japan. Built in 2002, it comprises 47 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Matsumoto Kumi (松本組).
Pricing & Floor Plans
Based on 19 past listings, prices have ranged from 1,380〜2,798万円 (approx. $92,000–$186,533 USD at ¥150/$).
Unit sizes range from 61.8–66.0 sqm (665–710 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: ¥40.3万/sqm (approx. $2,684/sqm or $249/sqft).
Location & Neighborhood
The property is located at Oosakashi Higashisumiyoshi Ku Suminodou Yada 5 Choume 6-30 (大阪市東住吉区住道矢田5丁目6-30), Osaka, Japan. It is a 11-minute walk to the nearest station. In Japan, station proximity significantly affects property values and daily convenience.
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 24 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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