Overview of Gurandoshiizu Suminoe Kuyakusho Toori (グランドシーズ住之江区役所通)
Gurandoshiizu Suminoe Kuyakusho Toori (グランドシーズ住之江区役所通) is a 27-year-old condominium located at Oosakashi Suminoe Ku Hamaguchi Nishi 2 Choume 12-11 (大阪市住之江区浜口西2丁目12-11), Osaka, Japan. Built in 1999, it comprises 40 units in a Reinforced Concrete (RC) structure. It was constructed by Wakabayashi Shou Sachi Kensetsu Kenkyuusho (若林庄幸建設研究所).
Pricing & Floor Plans
Based on 57 past listings, prices have ranged from 1,000〜2,599万円 (approx. $66,667–$173,267 USD at ¥150/$).
Unit sizes range from 55.4–84.3 sqm (596–907 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 1LDK (1-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen), 3DK (3-bedroom w/ dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥35.4万/sqm (approx. $2,360/sqm or $219/sqft).
Location & Neighborhood
The property is located at Oosakashi Suminoe Ku Hamaguchi Nishi 2 Choume 12-11 (大阪市住之江区浜口西2丁目12-11), Osaka, Japan. It is a 7-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 27 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.
Analyze this property's fair price and negotiation room for free at RE:public.