Overview of Shiteikoopo Shigino 2 Goutou (シティコーポ鴫野２号棟)
Shiteikoopo Shigino 2 Goutou (シティコーポ鴫野２号棟) is a 35-year-old condominium located at Oosakashi Joutouku Shigino Nishi 4 Choume 10-2 (大阪市城東区鴫野西4丁目10-2), Osaka, Japan. Built in 1991, it comprises 102 units in a Reinforced Concrete (RC) structure. It was constructed by Satou Kougyou (佐藤工業).
Pricing & Floor Plans
Price range: 情報なし.
Estimated price per sqm: ¥53.5万/sqm (approx. $3,565/sqm or $331/sqft).
Location & Neighborhood
The property is located at Oosakashi Joutouku Shigino Nishi 4 Choume 10-2 (大阪市城東区鴫野西4丁目10-2), 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 35 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 102 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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