Overview of Gurooriasu Komaki Daini (グローリアス小牧第２)
Gurooriasu Komaki Daini (グローリアス小牧第２) is a 38-year-old condominium located at Komaki Shi Kubo Isshoku Minami 2 Choume 289 (小牧市久保一色南2丁目289), Aichi, Japan. Built in 1988, it comprises 29 units in a Reinforced Concrete (RC) structure. It was constructed by Asanuma Kumi (淺沼組).
Pricing & Floor Plans
Price range: 情報なし.
Estimated price per sqm: ¥14.5万/sqm (approx. $965/sqm or $90/sqft).
Location & Neighborhood
The property is located at Komaki Shi Kubo Isshoku Minami 2 Choume 289 (小牧市久保一色南2丁目289), Aichi, 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 38 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.
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