Overview of Riifugaaden Izumi Chuuou 5 Ban Kan (リーフガーデン和泉中央５番館)
Riifugaaden Izumi Chuuou 5 Ban Kan (リーフガーデン和泉中央５番館) is a 29-year-old condominium located at Izumi Shi Ibuki No 5 Choume 3-5 (和泉市いぶき野5丁目3-5), Osaka, Japan. Built in 1997, it comprises 48 units in a Reinforced Concrete (RC) structure. It was constructed by Toda Kensetsu , Dai Matsu Kensetsu (戸田建設、 大末建設).
Pricing & Floor Plans
Price range: 情報なし.
Estimated price per sqm: ¥36.3万/sqm (approx. $2,418/sqm or $225/sqft).
Location & Neighborhood
The property is located at Izumi Shi Ibuki No 5 Choume 3-5 (和泉市いぶき野5丁目3-5), Osaka, Japan. It is a 2-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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