Overview of Gureisu Nishinomiya (グレイス西宮)
Gureisu Nishinomiya (グレイス西宮) is a 28-year-old condominium located at Nishinomiyashi Oohatachou 9-16 (西宮市大畑町9-16), Hyogo, Japan. Built in 1998, it comprises 33 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Kounoike Kumi (鴻池組).
Pricing & Floor Plans
Based on 16 past listings, prices have ranged from 1,280〜3,790万円 (approx. $85,333–$252,667 USD at ¥150/$).
Unit sizes range from 35.6–76.5 sqm (383–823 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2K (2-bedroom w/ kitchen), 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 2DK (2-bedroom w/ dining-kitchen), 1DK (1-bedroom w/ dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥56.7万/sqm (approx. $3,780/sqm or $351/sqft).
Location & Neighborhood
The property is located at Nishinomiyashi Oohatachou 9-16 (西宮市大畑町9-16), Hyogo, Japan. It is a 8-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 28 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.