Overview of Rooreruhaitsu Touten Bi (ローレルハイツ東天美)
Rooreruhaitsu Touten Bi (ローレルハイツ東天美) is a 44-year-old condominium located at Matsubara Ichizou Taku Nishi 4 Choume 534-5 (松原市三宅西4丁目534-5), Osaka, Japan. Built in 1982, it comprises 82 units in a Reinforced Concrete (RC) structure. It was constructed by Toukaikougyou (東海興業).
Pricing & Floor Plans
Based on 56 past listings, prices have ranged from 780〜2,280万円 (approx. $52,000–$152,000 USD at ¥150/$).
Unit sizes range from 62.8–90.2 sqm (676–971 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 4SLDK (4-bedroom w/ living-dining-kitchen + service room), 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥22.1万/sqm (approx. $1,475/sqm or $137/sqft).
Location & Neighborhood
The property is located at Matsubara Ichizou Taku Nishi 4 Choume 534-5 (松原市三宅西4丁目534-5), Osaka, Japan. It is a 12-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 44 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 82 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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