Overview of Niitaka Rekkusumanshon (新高レックスマンション)
Niitaka Rekkusumanshon (新高レックスマンション) is a 43-year-old condominium located at Oosakashi Yodogawa Ku Niitaka 1 Choume 13-24 (大阪市淀川区新高1丁目13-24), Osaka, Japan. Built in 1983, it comprises 143 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Hasegawakoumuten (長谷川工務店).
Pricing & Floor Plans
Based on 52 past listings, prices have ranged from 980〜2,980万円 (approx. $65,333–$198,667 USD at ¥150/$).
Unit sizes range from 46.4–69.3 sqm (499–746 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2DK (2-bedroom w/ dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen), 3DK (3-bedroom w/ dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥36.4万/sqm (approx. $2,426/sqm or $225/sqft).
Location & Neighborhood
The property is located at Oosakashi Yodogawa Ku Niitaka 1 Choume 13-24 (大阪市淀川区新高1丁目13-24), Osaka, Japan. It is a 7-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 43 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 143 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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