Overview of Gurandoparesu Koga (グランドパレス古賀)
Gurandoparesu Koga (グランドパレス古賀) is a 32-year-old condominium located at Koga Shi Tenjin 3 Choume 7-12 (古賀市天神3丁目7-12), Fukuoka, Japan. Built in 1994, it comprises 25 units in a Reinforced Concrete (RC) structure. It was constructed by Touyou Kensetsu (東洋建設).
Pricing & Floor Plans
Based on 9 past listings, prices have ranged from 1,080〜1,580万円 (approx. $72,000–$105,333 USD at ¥150/$).
Unit sizes range from 65.8–72.4 sqm (708–779 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), 3LDK (3-bedroom w/ living-dining-kitchen).
Location & Neighborhood
The property is located at Koga Shi Tenjin 3 Choume 7-12 (古賀市天神3丁目7-12), Fukuoka, Japan. It is a 10-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 32 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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