Overview of Noba Tsurumi (ノバ鶴見)
Noba Tsurumi (ノバ鶴見) is a 31-year-old condominium located at Oosakashi Tsurumiku Yokozutsumi 1 Choume 2-14 ~ 15 (大阪市鶴見区横堤1丁目2-14〜15), Osaka, Japan. Built in 1995, it comprises 75 units in a Reinforced Concrete (RC) structure. It was constructed by Shikoro Haruta Koumuten (鍜治田工務店).
Pricing & Floor Plans
Price range: 情報なし.
Estimated price per sqm: ¥43.5万/sqm (approx. $2,903/sqm or $270/sqft).
Location & Neighborhood
The property is located at Oosakashi Tsurumiku Yokozutsumi 1 Choume 2-14 ~ 15 (大阪市鶴見区横堤1丁目2-14〜15), Osaka, Japan. It is a 10-minute walk to the nearest station. This is considered good station access by Japanese standards.
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 31 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 75 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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