Overview of Suteitsu Joutou Guranpureisu (ステイツ城東グランプレイス)
Suteitsu Joutou Guranpureisu (ステイツ城東グランプレイス) is a 26-year-old condominium located at Oosakashi Joutouku Imafuku Nishi 1 Choume 15-30 (大阪市城東区今福西1丁目15-30), Osaka, Japan. Built in 2000, it comprises 258 units in a Reinforced Concrete (RC) structure. It was constructed by Kumagaigumi (熊谷組).
Pricing & Floor Plans
Based on 91 past listings, prices have ranged from 1,980〜5,598万円 (approx. $132,000–$373,200 USD at ¥150/$).
Unit sizes range from 60.8–88.5 sqm (654–953 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3LDK (3-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 4LDK (4-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥61.6万/sqm (approx. $4,109/sqm or $382/sqft).
Location & Neighborhood
The property is located at Oosakashi Joutouku Imafuku Nishi 1 Choume 15-30 (大阪市城東区今福西1丁目15-30), Osaka, Japan. It is a 2-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 26 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 258 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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