Overview of Raira Katano (ライラ交野)
Raira Katano (ライラ交野) is a 26-year-old condominium located at Kounoshi Kisaichibe Minami 2 Choume 23-8 (交野市私部南2丁目23-8), Osaka, Japan. Built in 2000, it comprises 25 units in a Reinforced Concrete (RC) structure. It was constructed by Maeda Kumi (前田組).
Pricing & Floor Plans
Based on 25 past listings, prices have ranged from 1,400〜2,620万円 (approx. $93,333–$174,667 USD at ¥150/$).
Unit sizes range from 78.9–92.7 sqm (849–998 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3LDK (3-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥27.5万/sqm (approx. $1,835/sqm or $171/sqft).
Location & Neighborhood
The property is located at Kounoshi Kisaichibe Minami 2 Choume 23-8 (交野市私部南2丁目23-8), Osaka, Japan. It is a 11-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 26 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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