Overview of Aruzaguriintawaa (アルザグリーンタワー)
Aruzaguriintawaa (アルザグリーンタワー) is a 32-year-old condominium located at Izumiootsu Shi Asahimachi 18-2 (泉大津市旭町18-2), Osaka, Japan. Built in 1994, it comprises 196 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Takenakakoumuten (竹中工務店).
Pricing & Floor Plans
Based on 108 past listings, prices have ranged from 1,250〜4,500万円 (approx. $83,333–$300,000 USD at ¥150/$).
Unit sizes range from 51.7–135.3 sqm (556–1456 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 1LDK (1-bedroom w/ living-dining-kitchen), 2DK (2-bedroom w/ dining-kitchen), 1DK (1-bedroom w/ dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥31.7万/sqm (approx. $2,113/sqm or $196/sqft).
Location & Neighborhood
The property is located at Izumiootsu Shi Asahimachi 18-2 (泉大津市旭町18-2), Osaka, Japan. It is a 1-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 32 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 196 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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