Overview of Asahi Purazakyasutoran Higashioosaka (朝日プラザキャストラン東大阪)
Asahi Purazakyasutoran Higashioosaka (朝日プラザキャストラン東大阪) is a 36-year-old condominium located at Higashioosakashi Nishiiwa Ta 3 Choume 5-77 (東大阪市西岩田3丁目5-77), Osaka, Japan. Built in 1990, it comprises 148 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Asahi Juuken (朝日住建).
Pricing & Floor Plans
Based on 97 past listings, prices have ranged from 899〜2,980万円 (approx. $59,933–$198,667 USD at ¥150/$).
Unit sizes range from 56.8–96.7 sqm (611–1041 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 5LDK (5-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥33.9万/sqm (approx. $2,259/sqm or $210/sqft).
Location & Neighborhood
The property is located at Higashioosakashi Nishiiwa Ta 3 Choume 5-77 (東大阪市西岩田3丁目5-77), 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 36 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 148 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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