Overview of Shinkawasaki Gurandohaitsu (新川崎グランドハイツ)
Shinkawasaki Gurandohaitsu (新川崎グランドハイツ) is a 42-year-old condominium located at Kawasakishisaiwaiku Furuichi Ba 1781-3 (川崎市幸区古市場1781-3), Kanagawa, Japan. Built in 1984, it comprises 70 units in a Reinforced Concrete (RC) structure. It was constructed by Kumagaigumi (熊谷組).
Pricing & Floor Plans
Based on 40 past listings, prices have ranged from 1,980〜4,799万円 (approx. $132,000–$319,933 USD at ¥150/$).
Unit sizes range from 73.4–90.5 sqm (790–974 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2LDK (2-bedroom w/ living-dining-kitchen), 3SLDK (3-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥51.7万/sqm (approx. $3,447/sqm or $320/sqft).
Location & Neighborhood
The property is located at Kawasakishisaiwaiku Furuichi Ba 1781-3 (川崎市幸区古市場1781-3), Kanagawa, 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 42 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 70 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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