Overview of Kuriinpia Matsue ・ Okutani (クリーンピア松江・奥谷)
Kuriinpia Matsue ・ Okutani (クリーンピア松江・奥谷) is a 35-year-old condominium located at Matsue Shi Okutani Machi 316 (松江市奥谷町316), Shimane, Japan. Built in 1991, it comprises 14 units in a Reinforced Concrete (RC) structure.
Pricing & Floor Plans
Based on 10 past listings, prices have ranged from 800〜1,500万円 (approx. $53,333–$100,000 USD at ¥150/$).
Unit sizes range from 55.1–91.7 sqm (593–987 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥17.0万/sqm (approx. $1,131/sqm or $105/sqft).
Location & Neighborhood
The property is located at Matsue Shi Okutani Machi 316 (松江市奥谷町316), Shimane, Japan. It is a 21-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 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.
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