Overview of Sanroiyaru Minoo Kosumo 1 Goukan (サンロイヤル箕面コスモ１号館)
Sanroiyaru Minoo Kosumo 1 Goukan (サンロイヤル箕面コスモ１号館) is a 39-year-old condominium located at Minoo Shi Makiochi 5 Choume 8-1 (箕面市牧落5丁目8-1), Osaka, Japan. Built in 1987, it comprises 98 units in a Reinforced Concrete (RC) structure. It was constructed by Asanuma Kumi (淺沼組).
Pricing & Floor Plans
Price range: 情報なし.
Estimated price per sqm: ¥36.0万/sqm (approx. $2,397/sqm or $223/sqft).
Location & Neighborhood
The property is located at Minoo Shi Makiochi 5 Choume 8-1 (箕面市牧落5丁目8-1), 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 39 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 98 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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