Overview of Kishiwada Kooporasu 1 Goutou (岸和田コーポラス１号棟)
Kishiwada Kooporasu 1 Goutou (岸和田コーポラス１号棟) is a 44-year-old condominium located at Kishiwada Shi Shimotsuke Machi 2 Choume 11-1 (岸和田市下野町2丁目11-1), Osaka, Japan. Built in 1982, it comprises 131 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Hasegawakoumuten (長谷川工務店).
Pricing & Floor Plans
Based on 79 past listings, prices have ranged from 650〜1,498万円 (approx. $43,333–$99,867 USD at ¥150/$).
Unit sizes range from 71.1–96.3 sqm (765–1037 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4DK (4-bedroom w/ dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 5LDK (5-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥14.2万/sqm (approx. $949/sqm or $88/sqft).
Location & Neighborhood
The property is located at Kishiwada Shi Shimotsuke Machi 2 Choume 11-1 (岸和田市下野町2丁目11-1), 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 44 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 131 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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