Overview of Sanroiyaru Minoo Kosumo 2 Goukan (サンロイヤル箕面コスモ２号館)
Sanroiyaru Minoo Kosumo 2 Goukan (サンロイヤル箕面コスモ２号館) is a 39-year-old condominium located at Minoo Shi Makiochi 5 Choume 8-2 (箕面市牧落5丁目8-2), Osaka, Japan. Built in 1987, it comprises 167 units in a Reinforced Concrete (RC) structure. It was constructed by Asanuma Kumi (浅沼組).
Pricing & Floor Plans
Based on 49 past listings, prices have ranged from 1,780〜3,590万円 (approx. $118,667–$239,333 USD at ¥150/$).
Unit sizes range from 94.4–126.9 sqm (1016–1366 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), 3LDK (3-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen), 3SLDK (3-bedroom w/ living-dining-kitchen + service room), 5LDK (5-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥29.1万/sqm (approx. $1,940/sqm or $180/sqft).
Location & Neighborhood
The property is located at Minoo Shi Makiochi 5 Choume 8-2 (箕面市牧落5丁目8-2), Osaka, Japan. It is a 11-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 39 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 167 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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