Overview of Asahi Puraza Tennouji (朝日プラザ天王寺)
Asahi Puraza Tennouji (朝日プラザ天王寺) is a 48-year-old condominium located at Oosakashi Abenoku Tennouji Machi Kita 1 Choume 8-47 (大阪市阿倍野区天王寺町北1丁目8-47), Osaka, Japan. Built in 1978, it comprises 425 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Tekken Kensetsu (鉄建建設).
Pricing & Floor Plans
Based on 367 past listings, prices have ranged from 530〜3,680万円 (approx. $35,333–$245,333 USD at ¥150/$).
Unit sizes range from 23.9–94.0 sqm (257–1012 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: STUDIO (STUDIO), 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 3DK (3-bedroom w/ dining-kitchen), 1LDK (1-bedroom w/ living-dining-kitchen), 1K (1-bedroom w/ kitchen).
Estimated price per sqm: ¥38.5万/sqm (approx. $2,565/sqm or $238/sqft).
Location & Neighborhood
The property is located at Oosakashi Abenoku Tennouji Machi Kita 1 Choume 8-47 (大阪市阿倍野区天王寺町北1丁目8-47), 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
Seismic standards: Built in 1978, 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 48 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 425 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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