Overview of Mezondooru Minamisenba (メゾンドール南船場)
Mezondooru Minamisenba (メゾンドール南船場) is a 25-year-old condominium located at Oosakashi Chuuouku Minamisenba 1 Choume 5-13 (大阪市中央区南船場1丁目5-13), Osaka, Japan. Built in 2001, it comprises 67 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Fujita , Kubota Kensetsu (フジタ、 クボタ建設).
Pricing & Floor Plans
Based on 57 past listings, prices have ranged from 2,280〜6,980万円 (approx. $152,000–$465,333 USD at ¥150/$).
Unit sizes range from 55.5–99.6 sqm (597–1072 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1LDK (1-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 3SLDK (3-bedroom w/ living-dining-kitchen + service room).
Estimated price per sqm: ¥72.3万/sqm (approx. $4,823/sqm or $448/sqft).
Location & Neighborhood
The property is located at Oosakashi Chuuouku Minamisenba 1 Choume 5-13 (大阪市中央区南船場1丁目5-13), Osaka, Japan. It is a 4-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 25 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 67 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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