Overview of Randomaaku Furuichi Ekimae (ランドマーク古市駅前)
Randomaaku Furuichi Ekimae (ランドマーク古市駅前) is a 27-year-old condominium located at Habikino Ichiko Shi 4 Choume 1-11 (羽曳野市古市4丁目1-11), Osaka, Japan. Built in 1999, it comprises 194 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Mitsuikensetsu (三井建設).
Pricing & Floor Plans
Based on 60 past listings, prices have ranged from 1,500〜3,198万円 (approx. $100,000–$213,200 USD at ¥150/$).
Unit sizes range from 66.8–89.3 sqm (719–961 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 3SLDK (3-bedroom w/ living-dining-kitchen + service room).
Estimated price per sqm: ¥31.5万/sqm (approx. $2,100/sqm or $195/sqft).
Location & Neighborhood
The property is located at Habikino Ichiko Shi 4 Choume 1-11 (羽曳野市古市4丁目1-11), Osaka, Japan. It is a 1-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 27 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 194 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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