Overview of Guriinshitei O S A K A (グリーンシティＯＳＡＫＡ)
Guriinshitei O S A K A (グリーンシティＯＳＡＫＡ) is a 40-year-old condominium located at Oosakashi Fukushima Ku Ebie 1 Choume 11-1 (大阪市福島区海老江1丁目11-1), Osaka, Japan. Built in 1986, it comprises 243 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Maeda Kensetsu Kougyou , Kurimoto Kensetsu Kougyou (前田建設工業、 栗本建設工業).
Pricing & Floor Plans
Based on 17 past listings, prices have ranged from 990〜4,399万円 (approx. $66,000–$293,267 USD at ¥150/$).
Unit sizes range from 40.0–68.6 sqm (431–738 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1SLDK (1-bedroom w/ living-dining-kitchen + service room), 1LDK (1-bedroom w/ living-dining-kitchen), 2DK (2-bedroom w/ dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen), 3DK (3-bedroom w/ dining-kitchen).
Estimated price per sqm: ¥53.8万/sqm (approx. $3,584/sqm or $333/sqft).
Location & Neighborhood
The property is located at Oosakashi Fukushima Ku Ebie 1 Choume 11-1 (大阪市福島区海老江1丁目11-1), Osaka, Japan. It is a 9-minute walk to the nearest station. This is considered good station access by Japanese standards.
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 40 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 243 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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