Overview of Asahi Puraza Miyako Shima 2 (朝日プラザ都島２)
Asahi Puraza Miyako Shima 2 (朝日プラザ都島２) is a 38-year-old condominium located at Oosakashi Miyako Shima Ku Miyukichou 1 Choume 5-26 (大阪市都島区御幸町1丁目5-26), Osaka, Japan. Built in 1988, it comprises 50 units in a Reinforced Concrete (RC) structure. It was constructed by Asahi Juuken (朝日住建).
Pricing & Floor Plans
Based on 63 past listings, prices have ranged from 290〜650万円 (approx. $19,333–$43,333 USD at ¥150/$).
Unit sizes range from 18.5–20.7 sqm (199–223 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1R (Studio).
Estimated price per sqm: ¥21.0万/sqm (approx. $1,401/sqm or $130/sqft).
Location & Neighborhood
The property is located at Oosakashi Miyako Shima Ku Miyukichou 1 Choume 5-26 (大阪市都島区御幸町1丁目5-26), 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 38 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 50 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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