Overview of Puraimusukuea Sumiyoshi Kouen (プライムスクエア住吉公園)
Puraimusukuea Sumiyoshi Kouen (プライムスクエア住吉公園) is a 23-year-old condominium located at Oosakashi Suminoe Ku Kohama Nishi 3 Choume 3-4 (大阪市住之江区粉浜西3丁目3-4), Osaka, Japan. Built in 2003, it comprises 30 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Fujiki Koumuten , Taiju Kensetsu (藤木工務店、 大樹建設).
Pricing & Floor Plans
Based on 14 past listings, prices have ranged from 2,000〜4,280万円 (approx. $133,333–$285,333 USD at ¥150/$).
Unit sizes range from 60.5–72.2 sqm (651–777 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥61.4万/sqm (approx. $4,095/sqm or $380/sqft).
Location & Neighborhood
The property is located at Oosakashi Suminoe Ku Kohama Nishi 3 Choume 3-4 (大阪市住之江区粉浜西3丁目3-4), Osaka, Japan. It is a 5-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 23 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
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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