Overview of Sentorarupuraza Higashisumiyoshi (セントラルプラザ東住吉)
Sentorarupuraza Higashisumiyoshi (セントラルプラザ東住吉) is a 32-year-old condominium located at Oosakashi Higashisumiyoshi Ku Kuwazu 3 Choume 1-5 (大阪市東住吉区桑津3丁目1-5), Osaka, Japan. Built in 1994, it comprises 38 units in a Reinforced Concrete (RC) structure. It was constructed by Satou Kumi (佐藤組).
Pricing & Floor Plans
Based on 39 past listings, prices have ranged from 1,180〜2,900万円 (approx. $78,667–$193,333 USD at ¥150/$).
Unit sizes range from 50.3–64.8 sqm (541–698 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3DK (3-bedroom w/ dining-kitchen), 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: ¥45.9万/sqm (approx. $3,059/sqm or $284/sqft).
Location & Neighborhood
The property is located at Oosakashi Higashisumiyoshi Ku Kuwazu 3 Choume 1-5 (大阪市東住吉区桑津3丁目1-5), Osaka, Japan. It is a 9-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 32 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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