Overview of Riigaru Tenmabashi (リーガル天満橋)
Riigaru Tenmabashi (リーガル天満橋) is a 34-year-old condominium located at Oosakashi Kitaku Tenma 3 Choume 3-7 (大阪市北区天満3丁目3-7), Osaka, Japan. Built in 1992, it comprises 32 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Kounoike Kumi (鴻池組).
Pricing & Floor Plans
Based on 22 past listings, prices have ranged from 2,380〜6,780万円 (approx. $158,667–$452,000 USD at ¥150/$).
Unit sizes range from 55.5–101.0 sqm (597–1087 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1SLDK (1-bedroom w/ living-dining-kitchen + service room), 1LDK (1-bedroom w/ living-dining-kitchen), 1DK (1-bedroom w/ dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥70.5万/sqm (approx. $4,699/sqm or $437/sqft).
Location & Neighborhood
The property is located at Oosakashi Kitaku Tenma 3 Choume 3-7 (大阪市北区天満3丁目3-7), Osaka, Japan. It is a 7-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 34 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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