Overview of Asahi Purazagurantawaa (朝日プラザグランタワー)
Asahi Purazagurantawaa (朝日プラザグランタワー) is a 36-year-old condominium located at Oosakashi Higashisumiyoshi Ku Yuzato 2 Choume 18-18 (大阪市東住吉区湯里2丁目18-18), Osaka, Japan. Built in 1990, it comprises 70 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Tekken Kensetsu (鉄建建設).
Pricing & Floor Plans
Based on 55 past listings, prices have ranged from 600〜2,580万円 (approx. $40,000–$172,000 USD at ¥150/$).
Unit sizes range from 30.6–75.3 sqm (329–811 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), 1SDK (1-bedroom w/ dining-kitchen + service room), 2DK (2-bedroom w/ dining-kitchen), 1DK (1-bedroom w/ dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥38.0万/sqm (approx. $2,531/sqm or $235/sqft).
Location & Neighborhood
The property is located at Oosakashi Higashisumiyoshi Ku Yuzato 2 Choume 18-18 (大阪市東住吉区湯里2丁目18-18), 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 36 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 70 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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