Overview of Ruishatore Honchou Nishi (ルイシャトレ本町西)
Ruishatore Honchou Nishi (ルイシャトレ本町西) is a 27-year-old condominium located at Oosakashi Nishiku Tachiuri Hori 3 Choume 4-13 (大阪市西区立売堀3丁目4-13), Osaka, Japan. Built in 1999, it comprises 98 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Saeki Kensetsu Kougyou (佐伯建設工業).
Pricing & Floor Plans
Based on 56 past listings, prices have ranged from 2,190〜5,590万円 (approx. $146,000–$372,667 USD at ¥150/$).
Unit sizes range from 63.8–85.2 sqm (687–917 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥82.0万/sqm (approx. $5,469/sqm or $508/sqft).
Location & Neighborhood
The property is located at Oosakashi Nishiku Tachiuri Hori 3 Choume 4-13 (大阪市西区立売堀3丁目4-13), Osaka, Japan. It is a 5-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.
Scale advantage: With 98 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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