Overview of Rafesuto Tennouji Higashi (ラフェスト天王寺東)
Rafesuto Tennouji Higashi (ラフェスト天王寺東) is a 28-year-old condominium located at Oosakashi Higashisumiyoshi Ku Kuwazu 1 Choume 26-25 (大阪市東住吉区桑津1丁目26-25), Osaka, Japan. Built in 1998, it comprises 80 units in a Reinforced Concrete (RC) structure. It was constructed by Oobayashi Kumi (大林組).
Pricing & Floor Plans
Based on 55 past listings, prices have ranged from 1,480〜4,180万円 (approx. $98,667–$278,667 USD at ¥150/$).
Unit sizes range from 56.6–79.5 sqm (609–856 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2LDK (2-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥50.8万/sqm (approx. $3,383/sqm or $314/sqft).
Location & Neighborhood
The property is located at Oosakashi Higashisumiyoshi Ku Kuwazu 1 Choume 26-25 (大阪市東住吉区桑津1丁目26-25), Osaka, Japan. It is a 8-minute walk to the nearest station. This is considered good station access by Japanese standards.
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 28 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 80 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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