Overview of Esuperanto Shiki (エスペラント志紀)
Esuperanto Shiki (エスペラント志紀) is a 29-year-old condominium located at Yaoshi Shiki Machi 2 Choume 154-2 (八尾市志紀町2丁目154-2), Osaka, Japan. Built in 1997, it comprises 17 units in a Reinforced Concrete (RC) structure. It was constructed by Nisshin Kensetsu (日清建設).
Pricing & Floor Plans
Based on 39 past listings, prices have ranged from 850〜1,380万円 (approx. $56,667–$92,000 USD at ¥150/$).
Unit sizes range from 51.9–56.6 sqm (559–609 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1LDK (1-bedroom w/ living-dining-kitchen), 3DK (3-bedroom w/ dining-kitchen), 2SDK (2-bedroom w/ dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥21.1万/sqm (approx. $1,408/sqm or $131/sqft).
Location & Neighborhood
The property is located at Yaoshi Shiki Machi 2 Choume 154-2 (八尾市志紀町2丁目154-2), Osaka, Japan. It is a 4-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 29 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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