Overview of Asahi Purazapuroshiido Momodani Higashi (朝日プラザプロシード桃谷東)
Asahi Purazapuroshiido Momodani Higashi (朝日プラザプロシード桃谷東) is a 35-year-old condominium located at Oosakashi Ikuno Ku Katsuyama Minami 4 Choume 3-23 (大阪市生野区勝山南4丁目3-23), Osaka, Japan. Built in 1991, it comprises 100 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Godai Kensetsu Kougyou (五大建設工業).
Pricing & Floor Plans
Based on 113 past listings, prices have ranged from 330〜820万円 (approx. $22,000–$54,667 USD at ¥150/$).
Unit sizes range from 13.8–23.3 sqm (149–251 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: STUDIO (STUDIO), 1K (1-bedroom w/ kitchen), 1R (Studio).
Estimated price per sqm: ¥29.3万/sqm (approx. $1,952/sqm or $181/sqft).
Location & Neighborhood
The property is located at Oosakashi Ikuno Ku Katsuyama Minami 4 Choume 3-23 (大阪市生野区勝山南4丁目3-23), Osaka, Japan. It is a 20-minute walk to the nearest station. In Japan, station proximity significantly affects property values and daily convenience.
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 100 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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