Overview of Mezon Daigo Shin'oosaka (メゾン第５新大阪)
Mezon Daigo Shin'oosaka (メゾン第５新大阪) is a 42-year-old condominium located at Oosakashi Higashiyodogawa Ku Higashinaka Shima 1 Choume 11-8 (大阪市東淀川区東中島1丁目11-8), Osaka, Japan. Built in 1984, it comprises 85 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Magara Kensetsu (真柄建設).
Pricing & Floor Plans
Based on 92 past listings, prices have ranged from 298〜850万円 (approx. $19,867–$56,667 USD at ¥150/$).
Unit sizes range from 16.4–23.9 sqm (177–257 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1K (1-bedroom w/ kitchen), 1R (Studio).
Estimated price per sqm: ¥27.6万/sqm (approx. $1,839/sqm or $171/sqft).
Location & Neighborhood
The property is located at Oosakashi Higashiyodogawa Ku Higashinaka Shima 1 Choume 11-8 (大阪市東淀川区東中島1丁目11-8), Osaka, Japan. It is a 5-minute walk to the nearest station. This is considered excellent station access in Japan, where most daily errands are done on foot or by train.
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 42 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 85 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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