Overview of Tamatsu Kouen Guriinmanshon (玉津公園グリーンマンション)
Tamatsu Kouen Guriinmanshon (玉津公園グリーンマンション) is a 41-year-old condominium located at Oosakashi Higashinari Ku Tamatsu 1 Choume 10-14 (大阪市東成区玉津1丁目10-14), Osaka, Japan. Built in 1985, it comprises 44 units in a Reinforced Concrete (RC) structure. It was constructed by Hasegawakoumuten (長谷川工務店).
Pricing & Floor Plans
Based on 27 past listings, prices have ranged from 1,290〜3,480万円 (approx. $86,000–$232,000 USD at ¥150/$).
Unit sizes range from 51.6–73.1 sqm (555–787 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), 3LDK (3-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥48.3万/sqm (approx. $3,219/sqm or $299/sqft).
Location & Neighborhood
The property is located at Oosakashi Higashinari Ku Tamatsu 1 Choume 10-14 (大阪市東成区玉津1丁目10-14), Osaka, Japan. It is a 6-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 41 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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