Panasonic Homes Real Estate Sells Rental Apartment “CIRS Tennoji Minami” in Osaka to Sankinu
In March 2025, Panasonic Homes Real Estate Co., Ltd. sold the rental apartment “CIRS Tennoji Minami,” located in Abeno-ku, Osaka City, to Sankinu Co., Ltd.
The property, completed in January 2022, is an 11-story reinforced concrete structure with a total of 50 units and a gross floor area of approximately 1,823 sqm (approx. 19,625 sq. ft.). It is situated a 5-minute walk from JR Osaka Loop Line’s Teradacho Station, offering strong access to central Osaka.
Panasonic Homes Real Estate had acquired the asset in March 2024, holding it for only about one year before divesting. The buyer, Sankinu Co., Ltd., is a real estate investment firm focused on rental housing primarily within Osaka City. This acquisition is seen as a source of stable income, and the company is expected to pursue maximization of occupancy and potential mid- to long-term value enhancement.
According to estie residential research, average rents in the surrounding area have risen from around JPY 7,700 per tsubo (approx. 25.5 sq. ft.) in early 2020 to JPY 8,650 per tsubo as of June 2025. A sharp upward trend has been particularly noticeable since late 2024. This is attributed to a combination of factors: the rebound in inbound tourism, ongoing redevelopment projects that are enhancing neighborhood appeal, and rising demand among singles and DINKs (dual-income, no kids households). While new supply has entered the market, persistent demand has outpaced it, sustaining the competitiveness of relatively new properties like this one.
Key Facts
Property Name: CIRS Tennoji Minami
Buyer: Sankinu Co., Ltd.
Seller: Panasonic Homes Real Estate Co., Ltd.
Transaction Price: Undisclosed
Location: 3-6-18 Tennoji-cho Minami, Abeno-ku, Osaka-shi, Osaka Prefecture
Nearest Station: 5-minute walk from JR Osaka Loop Line, Teradacho Station
Completion: January 2022
Number of Floors: 11F
Gross Floor Area: approx. 1,823 sqm (approx. 19,625 sq. ft.)
Total Units: 50