Overview of Ribukooto Shin Imasato (リブコート新今里)
Ribukooto Shin Imasato (リブコート新今里) is a 30-year-old condominium located at Oosakashi Ikuno Ku Shin Imasato 5 Choume 2-15 (大阪市生野区新今里5丁目2-15), Osaka, Japan. Built in 1996, it comprises 21 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Shiroishi (白石).
Pricing & Floor Plans
Based on 13 past listings, prices have ranged from 1,230〜1,980万円 (approx. $82,000–$132,000 USD at ¥150/$).
Unit sizes range from 55.3–56.6 sqm (595–609 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2LDK (2-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Location & Neighborhood
The property is located at Oosakashi Ikuno Ku Shin Imasato 5 Choume 2-15 (大阪市生野区新今里5丁目2-15), 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 30 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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