Overview of Purevia Izumi Chuuou (プレヴィア和泉中央)
Purevia Izumi Chuuou (プレヴィア和泉中央) is a 28-year-old condominium located at Izumi Shi Ibuki No 4 Choume 4 (和泉市いぶき野4丁目4), Osaka, Japan. Built in 1998, it comprises 169 units in a Reinforced Concrete (RC) structure. It was constructed by Oobayashi Kumi , Fujita , Nankai Tatsumura Kensetsu (大林組、 フジタ、 南海辰村建設).
Pricing & Floor Plans
Price range: 情報なし.
Estimated price per sqm: ¥34.0万/sqm (approx. $2,265/sqm or $210/sqft).
Location & Neighborhood
The property is located at Izumi Shi Ibuki No 4 Choume 4 (和泉市いぶき野4丁目4), Osaka, Japan. It is a 3-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
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 28 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 169 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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