Overview of Gurooriasuhiruzu Taki No Mizu (グローリアスヒルズ滝ノ水)
Gurooriasuhiruzu Taki No Mizu (グローリアスヒルズ滝ノ水) is a 30-year-old condominium located at Nagoyashi Midoriku Kosaka 2 Choume 201 (名古屋市緑区小坂2丁目201), Aichi, Japan. Built in 1996, it comprises 21 units in a Reinforced Concrete (RC) structure. It was constructed by Nishimatsu Kensetsu (西松建設).
Pricing & Floor Plans
Price range: 情報なし.
Estimated price per sqm: ¥31.3万/sqm (approx. $2,089/sqm or $194/sqft).
Location & Neighborhood
The property is located at Nagoyashi Midoriku Kosaka 2 Choume 201 (名古屋市緑区小坂2丁目201), Aichi, Japan. It is a 25-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 30 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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