Overview of Asahi Purazaaruteimatawaazu (朝日プラザアルティマタワーズ)
Asahi Purazaaruteimatawaazu (朝日プラザアルティマタワーズ) is a 34-year-old condominium located at Oosakashi Joutouku Chuuou 2 Choume 7-14 (大阪市城東区中央2丁目7-14), Osaka, Japan. Built in 1992, it comprises 62 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Asahi Juuken (朝日住建).
Pricing & Floor Plans
Based on 101 past listings, prices have ranged from 1,500〜6,500万円 (approx. $100,000–$433,333 USD at ¥150/$).
Unit sizes range from 52.6–155.3 sqm (566–1672 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1LDK (1-bedroom w/ living-dining-kitchen), 3SSSLDK (3SSSLDK), 2LDK (2-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥47.0万/sqm (approx. $3,133/sqm or $291/sqft).
Location & Neighborhood
The property is located at Oosakashi Joutouku Chuuou 2 Choume 7-14 (大阪市城東区中央2丁目7-14), 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 34 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 62 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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