Overview of Paakupuraza Noda (パークプラザ野田)
Paakupuraza Noda (パークプラザ野田) is a 44-year-old condominium located at Oosakashi Fukushima Ku Noda 6 Choume 5-30 (大阪市福島区野田6丁目5-30), Osaka, Japan. Built in 1982, it comprises 97 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Magara Kensetsu , Terasaki Kensetsu (真柄建設、 寺崎建設).
Pricing & Floor Plans
Based on 58 past listings, prices have ranged from 1,380〜2,680万円 (approx. $92,000–$178,667 USD at ¥150/$).
Unit sizes range from 54.6–79.6 sqm (588–857 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 3SLDK (3-bedroom w/ living-dining-kitchen + service room), 2DK (2-bedroom w/ dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥31.9万/sqm (approx. $2,130/sqm or $198/sqft).
Location & Neighborhood
The property is located at Oosakashi Fukushima Ku Noda 6 Choume 5-30 (大阪市福島区野田6丁目5-30), Osaka, Japan. It is a 6-minute walk to the nearest station. This is considered good station access by Japanese standards.
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 44 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 97 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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