Overview of Asahi Purazashitei Yao Minami (朝日プラザシティ八尾南)
Asahi Purazashitei Yao Minami (朝日プラザシティ八尾南) is a 36-year-old condominium located at Yaoshi Numa 1 Choume 68-65 (八尾市沼1丁目68-65), Osaka, Japan. Built in 1990, it comprises 419 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Tekken Kensetsu (鉄建建設).
Pricing & Floor Plans
Based on 164 past listings, prices have ranged from 750〜2,090万円 (approx. $50,000–$139,333 USD at ¥150/$).
Unit sizes range from 57.3–81.2 sqm (617–874 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 1LDK (1-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥23.2万/sqm (approx. $1,550/sqm or $144/sqft).
Location & Neighborhood
The property is located at Yaoshi Numa 1 Choume 68-65 (八尾市沼1丁目68-65), Osaka, Japan. It is a 20-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 36 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 419 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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