Overview of Shin Fukae Byuuhaitsu (新深江ビューハイツ)
Shin Fukae Byuuhaitsu (新深江ビューハイツ) is a 42-year-old condominium located at Oosakashi Higashinari Ku Fukae Minami 1 Choume 15-6 (大阪市東成区深江南1丁目15-6), Osaka, Japan. Built in 1984, it comprises 57 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Toure Kensetsu , Dai Matsu Kensetsu (東レ建設、 大末建設).
Pricing & Floor Plans
Based on 37 past listings, prices have ranged from 1,280〜2,498万円 (approx. $85,333–$166,533 USD at ¥150/$).
Unit sizes range from 56.0–71.3 sqm (603–767 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1LDK (1-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥38.9万/sqm (approx. $2,592/sqm or $241/sqft).
Location & Neighborhood
The property is located at Oosakashi Higashinari Ku Fukae Minami 1 Choume 15-6 (大阪市東成区深江南1丁目15-6), Osaka, Japan. It is a 2-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 42 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 57 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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