Overview of Meipurupaakusukuea Higashi 2 Bangai (メイプルパークスクエア東２番街)
Meipurupaakusukuea Higashi 2 Bangai (メイプルパークスクエア東２番街) is a 37-year-old condominium located at Moriguchishi Soto Shima Machi 66 (守口市外島町66), Osaka, Japan. Built in 1989, it comprises 197 units in a Reinforced Concrete (RC) structure. It was constructed by Takenakakoumuten , Oobayashi Kumi , Zenidaka Kumi , Kounoike Kumi (竹中工務店、 大林組、 銭高組、 鴻池組).
Pricing & Floor Plans
Based on 56 past listings, prices have ranged from 950〜3,700万円 (approx. $63,333–$246,667 USD at ¥150/$).
Unit sizes range from 57.8–92.4 sqm (622–995 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen), 3DK (3-bedroom w/ dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥44.0万/sqm (approx. $2,936/sqm or $273/sqft).
Location & Neighborhood
The property is located at Moriguchishi Soto Shima Machi 66 (守口市外島町66), Osaka, Japan. It is a 10-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 37 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 197 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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