Overview of Guriinhiru Nishikasai 1 Goukan (グリーンヒル西葛西１号館)
Guriinhiru Nishikasai 1 Goukan (グリーンヒル西葛西１号館) is a 45-year-old condominium located at Edogawaku Nishikasai 3 Choume 9-9 (江戸川区西葛西3丁目9-9), Tokyo, Japan. Built in 1981, it comprises 177 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Kumagaigumi , Toda Kensetsu (熊谷組、 戸田建設).
Pricing & Floor Plans
Based on 44 past listings, prices have ranged from 2,980〜6,999万円 (approx. $198,667–$466,600 USD at ¥150/$).
Unit sizes range from 75.6–99.6 sqm (814–1072 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 3SLDK (3-bedroom w/ living-dining-kitchen + service room), 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥66.1万/sqm (approx. $4,409/sqm or $410/sqft).
Location & Neighborhood
The property is located at Edogawaku Nishikasai 3 Choume 9-9 (江戸川区西葛西3丁目9-9), Tokyo, Japan. It is a 6-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 45 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 177 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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