Overview of Rune Neyagawa (ルネ寝屋川)
Rune Neyagawa (ルネ寝屋川) is a 38-year-old condominium located at Neyagawashi Takayanagi 1 Choume 2-25 (寝屋川市高柳1丁目2-25), Osaka, Japan. Built in 1988, it comprises 67 units in a Reinforced Concrete (RC) structure. It was constructed by Toukaikougyou (東海興業).
Pricing & Floor Plans
Based on 22 past listings, prices have ranged from 980〜1,998万円 (approx. $65,333–$133,200 USD at ¥150/$).
Unit sizes range from 55.9–71.8 sqm (602–773 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), 2SDK (2-bedroom w/ dining-kitchen + service room).
Estimated price per sqm: ¥23.2万/sqm (approx. $1,545/sqm or $144/sqft).
Location & Neighborhood
The property is located at Neyagawashi Takayanagi 1 Choume 2-25 (寝屋川市高柳1丁目2-25), Osaka, Japan. It is a 12-minute walk to the nearest station. In Japan, station proximity significantly affects property values and daily convenience.
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 38 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 67 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.
Analyze this property's fair price and negotiation room for free at RE:public.