Overview of Neogurande Ikeda Satsukiyama Kouen (ネオグランデ池田五月山公園)
Neogurande Ikeda Satsukiyama Kouen (ネオグランデ池田五月山公園) is a 27-year-old condominium located at Ikeda Shi Tateishi Machi 9-8 (池田市建石町9-8), Osaka, Japan. Built in 1999, it comprises 36 units in a Reinforced Concrete (RC) structure. It was constructed by Kashima Douro (鹿島道路).
Pricing & Floor Plans
Based on 46 past listings, prices have ranged from 1,730〜2,850万円 (approx. $115,333–$190,000 USD at ¥150/$).
Unit sizes range from 70.7–86.8 sqm (761–934 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen).
Location & Neighborhood
The property is located at Ikeda Shi Tateishi Machi 9-8 (池田市建石町9-8), Osaka, Japan. It is a 12-minute walk to the nearest station. In Japan, station proximity significantly affects property values and daily convenience.
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.
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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