Overview of Chiyoda Nishikiori Kouen Guriinmanshon (千代田錦織公園グリーンマンション)
Chiyoda Nishikiori Kouen Guriinmanshon (千代田錦織公園グリーンマンション) is a 31-year-old condominium located at Tondabayashi Shi Suga 1 Choume 6-1 (富田林市須賀1丁目6-1), Osaka, Japan. Built in 1995, it comprises 84 units in a Reinforced Concrete (RC) structure. It was constructed by Tada Kensetsu (多田建設).
Pricing & Floor Plans
Based on 17 past listings, prices have ranged from 730〜1,380万円 (approx. $48,667–$92,000 USD at ¥150/$).
Unit sizes range from 65.8–71.3 sqm (708–767 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2LDK (2-bedroom w/ living-dining-kitchen), 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥19.2万/sqm (approx. $1,283/sqm or $119/sqft).
Location & Neighborhood
The property is located at Tondabayashi Shi Suga 1 Choume 6-1 (富田林市須賀1丁目6-1), Osaka, Japan. It is a 9-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 31 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 84 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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