Overview of Roiyaruaaku Miyako Shima (ロイヤルアーク都島)
Roiyaruaaku Miyako Shima (ロイヤルアーク都島) is a 24-year-old condominium located at Oosakashi Miyako Shima Ku Miyako Shimanaka Toori 3 Choume 5-43 (大阪市都島区都島中通3丁目5-43), Osaka, Japan. Built in 2002, it comprises 161 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Arai Kumi (新井組).
Pricing & Floor Plans
Based on 42 past listings, prices have ranged from 2,780〜5,798万円 (approx. $185,333–$386,533 USD at ¥150/$).
Unit sizes range from 70.1–93.8 sqm (755–1010 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥65.6万/sqm (approx. $4,375/sqm or $406/sqft).
Location & Neighborhood
The property is located at Oosakashi Miyako Shima Ku Miyako Shimanaka Toori 3 Choume 5-43 (大阪市都島区都島中通3丁目5-43), Osaka, Japan. It is a 8-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 24 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 161 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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