Overview of Oosaka Marinhaitsu 2 Goukan (大阪マリンハイツ２号館)
Oosaka Marinhaitsu 2 Goukan (大阪マリンハイツ２号館) is a 43-year-old condominium located at Oosakashi Suminoe Ku Nankounaka 5 Choume 1-12 (大阪市住之江区南港中5丁目1-12), Osaka, Japan. Built in 1983, it comprises 128 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Fujita Kougyou , Nittou Kensetsu , Kyoudou Kigyoutai (フジタ工業、 日東建設、 共同企業体).
Pricing & Floor Plans
Based on 107 past listings, prices have ranged from 870〜2,198万円 (approx. $58,000–$146,533 USD at ¥150/$).
Unit sizes range from 66.0–93.3 sqm (710–1004 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1SLDK (1-bedroom w/ living-dining-kitchen + service room), 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 4SLDK (4-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥21.0万/sqm (approx. $1,397/sqm or $130/sqft).
Location & Neighborhood
The property is located at Oosakashi Suminoe Ku Nankounaka 5 Choume 1-12 (大阪市住之江区南港中5丁目1-12), Osaka, Japan. It is a 7-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 43 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 128 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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