Overview of Asahi Purazashiteisazanpaaku F Tou 4 Bangai (朝日プラザシティサザンパークＦ棟４番街)
Asahi Purazashiteisazanpaaku F Tou 4 Bangai (朝日プラザシティサザンパークＦ棟４番街) is a 36-year-old condominium located at Izumi Shi Waki Machi 2 Choume 3-4 (和泉市和気町2丁目3-4), Osaka, Japan. Built in 1990, it comprises 202 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Toukyuukensetsu (東急建設).
Pricing & Floor Plans
Based on 2 past listings, prices have ranged from 980〜1,090万円 (approx. $65,333–$72,667 USD at ¥150/$).
Unit sizes range from 73.3–76.7 sqm (789–826 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2LDK (2-bedroom w/ living-dining-kitchen), 4DK (4-bedroom w/ dining-kitchen).
Location & Neighborhood
The property is located at Izumi Shi Waki Machi 2 Choume 3-4 (和泉市和気町2丁目3-4), Osaka, Japan. It is a 13-minute walk to the nearest station. In Japan, station proximity significantly affects property values and daily convenience.
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 36 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 202 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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