Overview of Koraaru Beppu (コラール別府)
Koraaru Beppu (コラール別府) is a 36-year-old condominium located at Settsu Shi Beppu 1 Choume 16-14 (摂津市別府1丁目16-14), Osaka, Japan. Built in 1990, it comprises 32 units in a Reinforced Concrete (RC) structure. It was constructed by Houfu Kensetsu (豊富建設).
Pricing & Floor Plans
Based on 11 past listings, prices have ranged from 980〜2,280万円 (approx. $65,333–$152,000 USD at ¥150/$).
Unit sizes range from 81.5–91.5 sqm (877–985 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥20.9万/sqm (approx. $1,395/sqm or $130/sqft).
Location & Neighborhood
The property is located at Settsu Shi Beppu 1 Choume 16-14 (摂津市別府1丁目16-14), Osaka, Japan. It is a 23-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.
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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