Overview of Paarufuji Kishiwada 2 (パールフジ岸和田２)
Paarufuji Kishiwada 2 (パールフジ岸和田２) is a 30-year-old condominium located at Kishiwada Shi Kudamatsu Machi 1 Choume 18-31 (岸和田市下松町1丁目18-31), Osaka, Japan. Built in 1996, it comprises 29 units in a Reinforced Concrete (RC) structure. It was constructed by Sai Mon Kensetsu (才門建設).
Pricing & Floor Plans
Based on 18 past listings, prices have ranged from 1,090〜1,780万円 (approx. $72,667–$118,667 USD at ¥150/$).
Unit sizes range from 69.6–69.6 sqm (749–749 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3LDK (3-bedroom w/ living-dining-kitchen).
Location & Neighborhood
The property is located at Kishiwada Shi Kudamatsu Machi 1 Choume 18-31 (岸和田市下松町1丁目18-31), Osaka, Japan. It is a 1-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 30 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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