Overview of Kosumo Moriyama 5 Ban Kan (コスモ守山5番館)
Kosumo Moriyama 5 Ban Kan (コスモ守山5番館) is a 35-year-old condominium located at Moriyama Shi Katsube 1 Choume 16-27 (守山市勝部1丁目16-27), Shiga, Japan. Built in 1991, it comprises 108 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Takenakakoumuten (竹中工務店).
Pricing & Floor Plans
Based on 39 past listings, prices have ranged from 1,120〜3,360万円 (approx. $74,667–$224,000 USD at ¥150/$).
Unit sizes range from 58.3–92.1 sqm (628–991 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1LDK (1-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen), 3DK (3-bedroom w/ dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥36.7万/sqm (approx. $2,444/sqm or $227/sqft).
Location & Neighborhood
The property is located at Moriyama Shi Katsube 1 Choume 16-27 (守山市勝部1丁目16-27), Shiga, Japan. It is a 4-minute walk to the nearest station. This is considered excellent station access in Japan, where most daily errands are done on foot or by train.
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.
Scale advantage: With 108 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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