Overview of Rekkusupuraza Yao Shiki (レックスプラザ八尾志紀)
Rekkusupuraza Yao Shiki (レックスプラザ八尾志紀) is a 30-year-old condominium located at Yaoshi Tennouji Ya 3 Choume 84-2 (八尾市天王寺屋3丁目84-2), Osaka, Japan. Built in 1996, it comprises 194 units in a Reinforced Concrete (RC) structure. It was constructed by Hase Kou Kooporeeshon (長谷工コーポレーション).
Pricing & Floor Plans
Based on 72 past listings, prices have ranged from 970〜2,398万円 (approx. $64,667–$159,867 USD at ¥150/$).
Unit sizes range from 54.7–81.9 sqm (589–882 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), 1SSLDK (1-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥31.3万/sqm (approx. $2,086/sqm or $194/sqft).
Location & Neighborhood
The property is located at Yaoshi Tennouji Ya 3 Choume 84-2 (八尾市天王寺屋3丁目84-2), Osaka, Japan. It is a 5-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 30 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 194 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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