Overview of Kosumoshitei Senbayashi Oomiya (コスモシティ千林大宮)
Kosumoshitei Senbayashi Oomiya (コスモシティ千林大宮) is a 36-year-old condominium located at Oosakashi Asahiku Oomiya 4 Choume 11-17 (大阪市旭区大宮4丁目11-17), Osaka, Japan. Built in 1990, it comprises 95 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Shinnihonseitetsu , Sumitomokensetsu (新日本製鉄、 住友建設).
Pricing & Floor Plans
Based on 68 past listings, prices have ranged from 1,380〜4,280万円 (approx. $92,000–$285,333 USD at ¥150/$).
Unit sizes range from 50.2–117.8 sqm (540–1268 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1SLDK (1-bedroom w/ living-dining-kitchen + service room), 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 1LDK (1-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥44.6万/sqm (approx. $2,976/sqm or $276/sqft).
Location & Neighborhood
The property is located at Oosakashi Asahiku Oomiya 4 Choume 11-17 (大阪市旭区大宮4丁目11-17), Osaka, Japan. It is a 6-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 36 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 95 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.
Analyze this property's fair price and negotiation room for free at RE:public.