Overview of Asahi Puraza Misaki (朝日プラザ御崎)
Asahi Puraza Misaki (朝日プラザ御崎) is a 38-year-old condominium located at Oosakashi Suminoe Ku Misaki 6 Choume 18-21 (大阪市住之江区御崎6丁目18-21), Osaka, Japan. Built in 1988, it comprises 40 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Yasue Koumuten (安英工務店).
Pricing & Floor Plans
Based on 36 past listings, prices have ranged from 550〜2,070万円 (approx. $36,667–$138,000 USD at ¥150/$).
Unit sizes range from 44.4–58.8 sqm (478–633 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1LDK (1-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 4DK (4-bedroom w/ dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥25.0万/sqm (approx. $1,665/sqm or $155/sqft).
Location & Neighborhood
The property is located at Oosakashi Suminoe Ku Misaki 6 Choume 18-21 (大阪市住之江区御崎6丁目18-21), Osaka, Japan. It is a 10-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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