Overview of Oriibuhaitsu Taishou (オリーブハイツ大正)
Oriibuhaitsu Taishou (オリーブハイツ大正) is a 39-year-old condominium located at Oosakashidai Sei Ku Sangenya Higashi 1 Choume 16-5 (大阪市大正区三軒家東1丁目16-5), Osaka, Japan. Built in 1987, it comprises 69 units in a Reinforced Concrete (RC) structure. It was constructed by Toukaikougyou (東海興業).
Pricing & Floor Plans
Based on 20 past listings, prices have ranged from 1,300〜3,499万円 (approx. $86,667–$233,267 USD at ¥150/$).
Unit sizes range from 57.1–70.2 sqm (615–756 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2LDK (2-bedroom w/ living-dining-kitchen), 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥52.0万/sqm (approx. $3,465/sqm or $322/sqft).
Location & Neighborhood
The property is located at Oosakashidai Sei Ku Sangenya Higashi 1 Choume 16-5 (大阪市大正区三軒家東1丁目16-5), Osaka, Japan. It is a 2-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 39 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 69 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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