Overview of Nabiiru Joutou (ナビール城東)
Nabiiru Joutou (ナビール城東) is a 38-year-old condominium located at Oosakashi Joutouku Furuichi 1 Choume 23-17 (大阪市城東区古市1丁目23-17), Osaka, Japan. Built in 1988, it comprises 32 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Imanishi Kumi (今西組).
Pricing & Floor Plans
Based on 24 past listings, prices have ranged from 1,380〜3,798万円 (approx. $92,000–$253,200 USD at ¥150/$).
Unit sizes range from 71.6–91.7 sqm (771–987 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: ¥39.4万/sqm (approx. $2,629/sqm or $244/sqft).
Location & Neighborhood
The property is located at Oosakashi Joutouku Furuichi 1 Choume 23-17 (大阪市城東区古市1丁目23-17), Osaka, Japan. It is a 6-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 38 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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