Overview of Kongou Daisan Juutaku (金剛第３住宅)
Kongou Daisan Juutaku (金剛第３住宅) is a 57-year-old condominium located at Tondabayashi Shi Teraike Dai 1 Choume 15-213217 , 16-214 , 218224 (富田林市寺池台1丁目15-213217,16-214,218224), Osaka, Japan. Built in 1969, it comprises 320 units in a Reinforced Concrete (RC) structure. It was constructed by Masuoka Kumi (増岡組).
Pricing & Floor Plans
Based on 91 past listings, prices have ranged from 390〜1,680万円 (approx. $26,000–$112,000 USD at ¥150/$).
Unit sizes range from 51.2–53.9 sqm (551–580 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3DK (3-bedroom w/ dining-kitchen), 3K (3-bedroom w/ kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 2DK (2-bedroom w/ dining-kitchen).
Estimated price per sqm: ¥16.5万/sqm (approx. $1,098/sqm or $102/sqft).
Location & Neighborhood
The property is located at Tondabayashi Shi Teraike Dai 1 Choume 15-213217 , 16-214 , 218224 (富田林市寺池台1丁目15-213217,16-214,218224), Osaka, Japan. It is a 6-minute walk to the nearest station. This is considered good station access by Japanese standards.
Investment Perspective
Seismic standards: Built in 1969, this property predates Japan's 1981 New Seismic Design Standards (新耐震基準). Buildings constructed before June 1981 were built to older earthquake resistance codes. Buyers should consider seismic retrofit status.
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 57 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 320 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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