Overview of Nankou Koopu Ushio 2 2 Goutou (南港コープうしお２２号棟)
Nankou Koopu Ushio 2 2 Goutou (南港コープうしお２２号棟) is a 44-year-old condominium located at Oosakashi Suminoe Ku Nankounaka 3 Choume 8-22 (大阪市住之江区南港中3丁目8-22), Osaka, Japan. Built in 1982, it comprises 129 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Oobayashi Kumi , Shimizukensetsu , Toukyuukensetsu (大林組、 清水建設、 東急建設).
Pricing & Floor Plans
Based on 43 past listings, prices have ranged from 980〜3,480万円 (approx. $65,333–$232,000 USD at ¥150/$).
Unit sizes range from 70.5–121.4 sqm (759–1307 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3LDK (3-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥21.8万/sqm (approx. $1,453/sqm or $135/sqft).
Location & Neighborhood
The property is located at Oosakashi Suminoe Ku Nankounaka 3 Choume 8-22 (大阪市住之江区南港中3丁目8-22), Osaka, Japan. It is a 5-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 44 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 129 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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