Overview of Shinmori Kouen Rekkusumanshon (新森公園レックスマンション)
Shinmori Kouen Rekkusumanshon (新森公園レックスマンション) is a 39-year-old condominium located at Oosakashi Asahiku Shinmori 7 Choume 8-30 (大阪市旭区新森7丁目8-30), Osaka, Japan. Built in 1987, it comprises 90 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Hasegawakoumuten (長谷川工務店).
Pricing & Floor Plans
Based on 16 past listings, prices have ranged from 1,050〜2,280万円 (approx. $70,000–$152,000 USD at ¥150/$).
Unit sizes range from 50.9–63.6 sqm (548–685 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2LDK (2-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥30.8万/sqm (approx. $2,051/sqm or $191/sqft).
Location & Neighborhood
The property is located at Oosakashi Asahiku Shinmori 7 Choume 8-30 (大阪市旭区新森7丁目8-30), Osaka, Japan. It is a 8-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 39 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 90 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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