Overview of Kita Sukematsu Manshon (北助松マンション)
Kita Sukematsu Manshon (北助松マンション) is a 35-year-old condominium located at Izumiootsu Ichisuke Matsu Machi 3 Choume 2-17 (泉大津市助松町3丁目2-17), Osaka, Japan. Built in 1991, it comprises 10 units in a Steel Reinforced Concrete (SRC) structure.
Pricing & Floor Plans
Price range: 情報なし.
Estimated price per sqm: ¥10.9万/sqm (approx. $730/sqm or $68/sqft).
Location & Neighborhood
The property is located at Izumiootsu Ichisuke Matsu Machi 3 Choume 2-17 (泉大津市助松町3丁目2-17), Osaka, Japan. It is a 8-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 35 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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