Overview of Asahi Puraza Shin'oosaka (朝日プラザ新大阪)
Asahi Puraza Shin'oosaka (朝日プラザ新大阪) is a 44-year-old condominium located at Oosakashi Higashiyodogawa Ku Higashinaka Shima 4 Choume 11-3 (大阪市東淀川区東中島4丁目11-3), Osaka, Japan. Built in 1982, it comprises 169 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Hazamagumi (間組).
Pricing & Floor Plans
Based on 234 past listings, prices have ranged from 300〜2,100万円 (approx. $20,000–$140,000 USD at ¥150/$).
Unit sizes range from 19.1–51.5 sqm (206–554 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1R (Studio), 1DK (1-bedroom w/ dining-kitchen), 1LDK (1-bedroom w/ living-dining-kitchen), 1K (1-bedroom w/ kitchen), 2LDK (2-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥28.5万/sqm (approx. $1,899/sqm or $176/sqft).
Location & Neighborhood
The property is located at Oosakashi Higashiyodogawa Ku Higashinaka Shima 4 Choume 11-3 (大阪市東淀川区東中島4丁目11-3), Osaka, Japan. It is a 4-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 44 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 169 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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