Overview of Asahi Puraza Midori Hashi 4 (朝日プラザ緑橋４)
Asahi Puraza Midori Hashi 4 (朝日プラザ緑橋４) is a 35-year-old condominium located at Oosakashi Higashinari Ku Higashinaka Hon 2 Choume 6-8 (大阪市東成区東中本2丁目6-8), Osaka, Japan. Built in 1991, it comprises 44 units in a Reinforced Concrete (RC) structure. It was constructed by Nishimatsu Kensetsu (西松建設).
Pricing & Floor Plans
Based on 69 past listings, prices have ranged from 348〜850万円 (approx. $23,200–$56,667 USD at ¥150/$).
Unit sizes range from 13.0–16.0 sqm (140–172 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1K (1-bedroom w/ kitchen), 1R (Studio).
Estimated price per sqm: ¥41.2万/sqm (approx. $2,750/sqm or $255/sqft).
Location & Neighborhood
The property is located at Oosakashi Higashinari Ku Higashinaka Hon 2 Choume 6-8 (大阪市東成区東中本2丁目6-8), Osaka, Japan. It is a 1-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 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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