Overview of Ruishatore Matsubara (ルイシャトレ松原)
Ruishatore Matsubara (ルイシャトレ松原) is a 27-year-old condominium located at Matsubara Shi Higashishinmachi 3 Choume 14-31 (松原市東新町3丁目14-31), Osaka, Japan. Built in 1999, it comprises 48 units in a Reinforced Concrete (RC) structure. It was constructed by Daihoukensetsu (大豊建設).
Pricing & Floor Plans
Based on 27 past listings, prices have ranged from 1,380〜2,498万円 (approx. $92,000–$166,533 USD at ¥150/$).
Unit sizes range from 68.7–82.8 sqm (739–891 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3LDK (3-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥28.0万/sqm (approx. $1,869/sqm or $174/sqft).
Location & Neighborhood
The property is located at Matsubara Shi Higashishinmachi 3 Choume 14-31 (松原市東新町3丁目14-31), Osaka, Japan. It is a 3-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 27 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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