Overview of Mori No Miya Shirukumanshon (森ノ宮シルクマンション)
Mori No Miya Shirukumanshon (森ノ宮シルクマンション) is a 27-year-old condominium located at Oosakashi Higashinari Ku Nakamoto 2 Choume 11-5 (大阪市東成区中本2丁目11-5), Osaka, Japan. Built in 1999, it comprises 41 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Fuji Kou (富士工).
Pricing & Floor Plans
Based on 19 past listings, prices have ranged from 1,280〜2,680万円 (approx. $85,333–$178,667 USD at ¥150/$).
Unit sizes range from 51.0–64.7 sqm (549–696 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1SLDK (1-bedroom w/ living-dining-kitchen + service room), 3DK (3-bedroom w/ dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥47.6万/sqm (approx. $3,172/sqm or $295/sqft).
Location & Neighborhood
The property is located at Oosakashi Higashinari Ku Nakamoto 2 Choume 11-5 (大阪市東成区中本2丁目11-5), Osaka, Japan. It is a 4-minute walk to the nearest station. This is considered excellent station access in Japan, where most daily errands are done on foot or by train.
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 27 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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