Overview of Roiyarupuraza Fukushima (ロイヤルプラザ福島)
Roiyarupuraza Fukushima (ロイヤルプラザ福島) is a 39-year-old condominium located at Oosakashi Fukushima Ku Fukushima 8 Choume 16-15 (大阪市福島区福島8丁目16-15), Osaka, Japan. Built in 1987, it comprises 65 units in a Reinforced Concrete (RC) structure. It was constructed by Takamatsu Kumi (高松組).
Pricing & Floor Plans
Based on 55 past listings, prices have ranged from 490〜1,280万円 (approx. $32,667–$85,333 USD at ¥150/$).
Unit sizes range from 16.4–30.2 sqm (177–325 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1K (1-bedroom w/ kitchen), 1R (Studio).
Estimated price per sqm: ¥45.4万/sqm (approx. $3,027/sqm or $281/sqft).
Location & Neighborhood
The property is located at Oosakashi Fukushima Ku Fukushima 8 Choume 16-15 (大阪市福島区福島8丁目16-15), 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 39 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 65 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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