Overview of Gurandoparesu Yasuda Ke Ike Kouen (グランドパレス保田ケ池公園)
Gurandoparesu Yasuda Ke Ike Kouen (グランドパレス保田ケ池公園) is a 39-year-old condominium located at Miyoshi Ichizou Kou Machi 18-15 (みよし市三好町18-15), Aichi, Japan. Built in 1987, it comprises 86 units in a Reinforced Concrete (RC) structure. It was constructed by Shimizukensetsu (清水建設).
Pricing & Floor Plans
Based on 25 past listings, prices have ranged from 950〜1,880万円 (approx. $63,333–$125,333 USD at ¥150/$).
Unit sizes range from 60.8–77.3 sqm (654–832 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3LDK (3-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥20.1万/sqm (approx. $1,343/sqm or $125/sqft).
Location & Neighborhood
The property is located at Miyoshi Ichizou Kou Machi 18-15 (みよし市三好町18-15), Aichi, Japan. It is a 76-minute walk to the nearest station. In Japan, station proximity significantly affects property values and daily convenience.
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 39 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 86 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.
Analyze this property's fair price and negotiation room for free at RE:public.