Overview of Gureesutawaa (グレースタワー)
Gureesutawaa (グレースタワー) is a 22-year-old condominium located at Okayamashi Kitaku Noda Ya Machi 1 Choume 11-1 (岡山市北区野田屋町1丁目11-1), Okayama, Japan. Built in 2004, it comprises 130 units in a Reinforced Concrete (RC) structure. It was constructed by Takenakakoumuten (竹中工務店).
Pricing & Floor Plans
Based on 18 past listings, prices have ranged from 3,180〜8,800万円 (approx. $212,000–$586,667 USD at ¥150/$).
Unit sizes range from 66.8–147.7 sqm (719–1590 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1LDK (1-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 3SLDK (3-bedroom w/ living-dining-kitchen + service room).
Estimated price per sqm: ¥54.2万/sqm (approx. $3,615/sqm or $336/sqft).
Location & Neighborhood
The property is located at Okayamashi Kitaku Noda Ya Machi 1 Choume 11-1 (岡山市北区野田屋町1丁目11-1), Okayama, Japan. It is a 7-minute walk to the nearest station. This is considered good station access by Japanese standards.
Investment Perspective
Scale advantage: With 130 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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