Overview of Rejion Joutou Noe (レジオン城東野江)
Rejion Joutou Noe (レジオン城東野江) is a 29-year-old condominium located at Oosakashi Joutouku Noe 3 Choume 29-19 (大阪市城東区野江3丁目29-19), Osaka, Japan. Built in 1997, it comprises 47 units in a Reinforced Concrete (RC) structure. It was constructed by Hase Kou Kooporeeshon (長谷工コーポレーション).
Pricing & Floor Plans
Based on 17 past listings, prices have ranged from 2,260〜4,080万円 (approx. $150,667–$272,000 USD at ¥150/$).
Unit sizes range from 68.1–80.8 sqm (733–870 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Location & Neighborhood
The property is located at Oosakashi Joutouku Noe 3 Choume 29-19 (大阪市城東区野江3丁目29-19), Osaka, Japan. It is a 4-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 29 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
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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