Overview of Domuuru Minami On Kashima (ドムール南恩加島)
Domuuru Minami On Kashima (ドムール南恩加島) is a 45-year-old condominium located at Oosakashidai Sei Ku Minami On Kashima 5 Choume 1-10 (大阪市大正区南恩加島5丁目1-10), Osaka, Japan. Built in 1981, it comprises 28 units in a Reinforced Concrete (RC) structure. It was constructed by Nissan Kensetsu (日産建設).
Pricing & Floor Plans
Based on 20 past listings, prices have ranged from 980〜1,990万円 (approx. $65,333–$132,667 USD at ¥150/$).
Unit sizes range from 66.1–74.3 sqm (711–800 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2LDK (2-bedroom w/ living-dining-kitchen), 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥28.9万/sqm (approx. $1,927/sqm or $179/sqft).
Location & Neighborhood
The property is located at Oosakashidai Sei Ku Minami On Kashima 5 Choume 1-10 (大阪市大正区南恩加島5丁目1-10), Osaka, Japan. It is a 3-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 45 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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