Overview of Asuteeji Izumiootsu 2 Feimukooto (アステージ泉大津２フェイムコート)
Asuteeji Izumiootsu 2 Feimukooto (アステージ泉大津２フェイムコート) is a 26-year-old condominium located at Izumiootsu Shi Shinonomechou 11-14 (泉大津市東雲町11-14), Osaka, Japan. Built in 2000, it comprises 49 units in a Reinforced Concrete (RC) structure. It was constructed by Kumagaigumi (熊谷組).
Pricing & Floor Plans
Based on 31 past listings, prices have ranged from 1,100〜2,499万円 (approx. $73,333–$166,600 USD at ¥150/$).
Unit sizes range from 61.3–77.9 sqm (660–839 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥25.2万/sqm (approx. $1,683/sqm or $156/sqft).
Location & Neighborhood
The property is located at Izumiootsu Shi Shinonomechou 11-14 (泉大津市東雲町11-14), 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 26 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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