Overview of Ru・gurande Honchou (ル・グランデ本町)
Ru・gurande Honchou (ル・グランデ本町) is a 25-year-old condominium located at Oosakashi Nishiku Shinmachi 1 Choume 12-14 (大阪市西区新町1丁目12-14), Osaka, Japan. Built in 2001, it comprises 26 units in a Reinforced Concrete (RC) structure. It was constructed by Hazamagumi (間組).
Pricing & Floor Plans
Based on 14 past listings, prices have ranged from 2,780〜9,480万円 (approx. $185,333–$632,000 USD at ¥150/$).
Unit sizes range from 70.7–115.7 sqm (761–1245 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2LDK (2-bedroom w/ living-dining-kitchen), 1SLK (1SLK), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥86.8万/sqm (approx. $5,783/sqm or $537/sqft).
Location & Neighborhood
The property is located at Oosakashi Nishiku Shinmachi 1 Choume 12-14 (大阪市西区新町1丁目12-14), Osaka, Japan. It is a 5-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 25 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.
Analyze this property's fair price and negotiation room for free at RE:public.