Overview of Hooyuuparesu Neyagawa (ホーユウパレス寝屋川)
Hooyuuparesu Neyagawa (ホーユウパレス寝屋川) is a 38-year-old condominium located at Neyagawashi Ikeda Asahimachi 9-11 (寝屋川市池田旭町9-11), Osaka, Japan. Built in 1988, it comprises 43 units in a Reinforced Concrete (RC) structure. It was constructed by Maeda Kumi (前田組).
Pricing & Floor Plans
Based on 73 past listings, prices have ranged from 330〜1,850万円 (approx. $22,000–$123,333 USD at ¥150/$).
Unit sizes range from 25.9–101.7 sqm (279–1095 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1LDK (1-bedroom w/ living-dining-kitchen), 1R (Studio), 1DK (1-bedroom w/ dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥22.4万/sqm (approx. $1,490/sqm or $138/sqft).
Location & Neighborhood
The property is located at Neyagawashi Ikeda Asahimachi 9-11 (寝屋川市池田旭町9-11), Osaka, Japan. It is a 13-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 38 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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