Overview of Shin Kai Gurandohaitsu (信開グランドハイツ)
Shin Kai Gurandohaitsu (信開グランドハイツ) is a 39-year-old condominium located at Komatsu Shi Hakusanchou 140-6 (小松市白山町140-6), Ishikawa, Japan. Built in 1987, it comprises 87 units in a Reinforced Concrete (RC) structure.
Pricing & Floor Plans
Based on 25 past listings, prices have ranged from 210〜1,490万円 (approx. $14,000–$99,333 USD at ¥150/$).
Unit sizes range from 21.1–94.2 sqm (227–1014 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1LDK (1-bedroom w/ living-dining-kitchen), 1K (1-bedroom w/ kitchen), 2DK (2-bedroom w/ dining-kitchen), 1R (Studio), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥19.4万/sqm (approx. $1,296/sqm or $120/sqft).
Location & Neighborhood
The property is located at Komatsu Shi Hakusanchou 140-6 (小松市白山町140-6), Ishikawa, 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 39 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 87 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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