Overview of Neyagawa Higashi Famiriitaun Minami 1 Ban Kan (寝屋川東ファミリータウン南１番館)
Neyagawa Higashi Famiriitaun Minami 1 Ban Kan (寝屋川東ファミリータウン南１番館) is a 46-year-old condominium located at Neyagawashi Uchiage Miyamaechou 2-1 (寝屋川市打上宮前町2-1), Osaka, Japan. Built in 1980, it comprises 19 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Kashima Kensetsu (鹿島建設).
Pricing & Floor Plans
Based on 15 past listings, prices have ranged from 600〜1,580万円 (approx. $40,000–$105,333 USD at ¥150/$).
Unit sizes range from 70.0–79.2 sqm (753–853 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Location & Neighborhood
The property is located at Neyagawashi Uchiage Miyamaechou 2-1 (寝屋川市打上宮前町2-1), 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
Seismic standards: Built in 1980, this property predates Japan's 1981 New Seismic Design Standards (新耐震基準). Buildings constructed before June 1981 were built to older earthquake resistance codes. Buyers should consider seismic retrofit status.
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 46 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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