Overview of Famiiru Shinsaibashi Iisuto (ファミール心斎橋イースト)
Famiiru Shinsaibashi Iisuto (ファミール心斎橋イースト) is a 27-year-old condominium located at Oosakashi Chuuouku Shima Yuki Nai 1 Choume 3-11 (大阪市中央区島之内1丁目3-11), Osaka, Japan. Built in 1999, it comprises 64 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Marubeni Kensetsu (丸紅建設).
Pricing & Floor Plans
Based on 86 past listings, prices have ranged from 1,200〜5,980万円 (approx. $80,000–$398,667 USD at ¥150/$).
Unit sizes range from 36.2–84.4 sqm (390–908 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1SLDK (1-bedroom w/ living-dining-kitchen + service room), 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 1LDK (1-bedroom w/ living-dining-kitchen), 2DK (2-bedroom w/ dining-kitchen), 1DK (1-bedroom w/ dining-kitchen).
Estimated price per sqm: ¥86.6万/sqm (approx. $5,776/sqm or $537/sqft).
Location & Neighborhood
The property is located at Oosakashi Chuuouku Shima Yuki Nai 1 Choume 3-11 (大阪市中央区島之内1丁目3-11), Osaka, Japan. It is a 7-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 27 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 64 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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