Overview of Kosumoshiteigaadenzu Joutou (コスモシティガーデンズ城東)
Kosumoshiteigaadenzu Joutou (コスモシティガーデンズ城東) is a 25-year-old condominium located at Oosakashi Joutouku Nagata 2 Choume 4-18 (大阪市城東区永田2丁目4-18), Osaka, Japan. Built in 2001, it comprises 125 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Taiheikougyou (太平工業).
Pricing & Floor Plans
Based on 38 past listings, prices have ranged from 2,380〜4,180万円 (approx. $158,667–$278,667 USD at ¥150/$).
Unit sizes range from 63.9–83.8 sqm (688–902 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥48.7万/sqm (approx. $3,245/sqm or $301/sqft).
Location & Neighborhood
The property is located at Oosakashi Joutouku Nagata 2 Choume 4-18 (大阪市城東区永田2丁目4-18), Osaka, Japan. It is a 10-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 25 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 125 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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