Overview of Shiteikoopo Asashio (シティコーポ朝潮)
Shiteikoopo Asashio (シティコーポ朝潮) is a 35-year-old condominium located at Oosakashi Minatoku Yuunagi 2 Choume 18-1 , 41 (大阪市港区夕凪2丁目18-1、41), Osaka, Japan. Built in 1991, it comprises 374 units in a Reinforced Concrete (RC) structure. It was constructed by Hazamagumi (間組).
Pricing & Floor Plans
Based on 95 past listings, prices have ranged from 1,880〜5,900万円 (approx. $125,333–$393,333 USD at ¥150/$).
Unit sizes range from 65.1–105.7 sqm (701–1138 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1SLDK (1-bedroom w/ living-dining-kitchen + service room), 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 2DK (2-bedroom w/ dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥46.2万/sqm (approx. $3,081/sqm or $286/sqft).
Location & Neighborhood
The property is located at Oosakashi Minatoku Yuunagi 2 Choume 18-1 , 41 (大阪市港区夕凪2丁目18-1、41), Osaka, Japan. It is a 1-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 35 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 374 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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