Overview of Ruishatore Miyako Shima (ルイシャトレ都島)
Ruishatore Miyako Shima (ルイシャトレ都島) is a 25-year-old condominium located at Oosakashi Miyako Shima Ku Tomo Fuchimachi 3 Choume 6-18 (大阪市都島区友渕町3丁目6-18), Osaka, Japan. Built in 2001, it comprises 114 units in a Reinforced Concrete (RC) structure. It was constructed by Hase Kou Kooporeeshon (長谷工コーポレーション).
Pricing & Floor Plans
Based on 30 past listings, prices have ranged from 1,970〜5,290万円 (approx. $131,333–$352,667 USD at ¥150/$).
Unit sizes range from 67.9–86.7 sqm (731–933 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 3SK (3-bedroom w/ kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥55.6万/sqm (approx. $3,707/sqm or $344/sqft).
Location & Neighborhood
The property is located at Oosakashi Miyako Shima Ku Tomo Fuchimachi 3 Choume 6-18 (大阪市都島区友渕町3丁目6-18), Osaka, Japan. It is a 20-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 25 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 114 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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