Overview of Sharumanfuji Izumiootsu Shinonome Kouen (シャルマンフジ泉大津東雲公園)
Sharumanfuji Izumiootsu Shinonome Kouen (シャルマンフジ泉大津東雲公園) is a 29-year-old condominium located at Izumiootsu Shi Shinonomechou 13-28 (泉大津市東雲町13-28), Osaka, Japan. Built in 1997, it comprises 52 units in a Reinforced Concrete (RC) structure. It was constructed by Kaji Ta Koumuten (鍛冶田工務店).
Pricing & Floor Plans
Based on 8 past listings, prices have ranged from 1,380〜1,890万円 (approx. $92,000–$126,000 USD at ¥150/$).
Unit sizes range from 67.5–67.5 sqm (727–727 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥25.0万/sqm (approx. $1,666/sqm or $155/sqft).
Location & Neighborhood
The property is located at Izumiootsu Shi Shinonomechou 13-28 (泉大津市東雲町13-28), Osaka, Japan. It is a 9-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 29 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 52 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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