Overview of Noba Imasato (ノバ今里)
Noba Imasato (ノバ今里) is a 30-year-old condominium located at Oosakashi Higashinari Ku Tamatsu 2 Choume 17-18 (大阪市東成区玉津2丁目17-18), Osaka, Japan. Built in 1996, it comprises 49 units in a Reinforced Concrete (RC) structure. It was constructed by Tada Kensetsu (多田建設).
Pricing & Floor Plans
Based on 26 past listings, prices have ranged from 1,350〜3,380万円 (approx. $90,000–$225,333 USD at ¥150/$).
Unit sizes range from 56.2–73.7 sqm (605–793 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2LDK (2-bedroom w/ living-dining-kitchen), 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥41.0万/sqm (approx. $2,737/sqm or $254/sqft).
Location & Neighborhood
The property is located at Oosakashi Higashinari Ku Tamatsu 2 Choume 17-18 (大阪市東成区玉津2丁目17-18), Osaka, Japan. It is a 8-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 30 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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