Overview of Guriin Honchou (グリーン本町)
Guriin Honchou (グリーン本町) is a 35-year-old condominium located at Oosakashi Chuuouku Honchou Hashi 1-8 (大阪市中央区本町橋1-8), Osaka, Japan. Built in 1991, it comprises 26 units in a Reinforced Concrete (RC) structure. It was constructed by Toda Kensetsu (戸田建設).
Pricing & Floor Plans
Based on 11 past listings, prices have ranged from 1,980〜5,290万円 (approx. $132,000–$352,667 USD at ¥150/$).
Unit sizes range from 68.7–86.4 sqm (739–930 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: STUDIO (STUDIO), 2LDK (2-bedroom w/ living-dining-kitchen), 1R (Studio), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥62.8万/sqm (approx. $4,187/sqm or $389/sqft).
Location & Neighborhood
The property is located at Oosakashi Chuuouku Honchou Hashi 1-8 (大阪市中央区本町橋1-8), Osaka, 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 35 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.
Analyze this property's fair price and negotiation room for free at RE:public.