Overview of Raitsu Sayama Yuuen (ライツ狭山遊園)
Raitsu Sayama Yuuen (ライツ狭山遊園) is a 35-year-old condominium located at Tondabayashi Shi Kada 2 Choume 6-8 (富田林市加太2丁目6-8), Osaka, Japan. Built in 1991, it comprises 22 units in a Reinforced Concrete (RC) structure. It was constructed by Asanuma Kumi (淺沼組).
Pricing & Floor Plans
Based on 31 past listings, prices have ranged from 860〜2,280万円 (approx. $57,333–$152,000 USD at ¥150/$).
Unit sizes range from 70.9–103.9 sqm (763–1118 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Location & Neighborhood
The property is located at Tondabayashi Shi Kada 2 Choume 6-8 (富田林市加太2丁目6-8), 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 35 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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