Overview of Shiizu Honchou Minami 2 (シーズ本町南２)
Shiizu Honchou Minami 2 (シーズ本町南２) is a 29-year-old condominium located at Oosakashi Nishiku Shinmachi 1 Choume 12-8 (大阪市西区新町1丁目12-8), Osaka, Japan. Built in 1997, it comprises 27 units in a Reinforced Concrete (RC) structure. It was constructed by Tani An Kumi (谷安組).
Pricing & Floor Plans
Based on 31 past listings, prices have ranged from 1,100〜4,980万円 (approx. $73,333–$332,000 USD at ¥150/$).
Unit sizes range from 22.3–112.8 sqm (240–1214 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), 1LDK (1-bedroom w/ living-dining-kitchen), 1R (Studio), 3LDK (3-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥79.5万/sqm (approx. $5,303/sqm or $493/sqft).
Location & Neighborhood
The property is located at Oosakashi Nishiku Shinmachi 1 Choume 12-8 (大阪市西区新町1丁目12-8), 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 29 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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