Overview of Gureeshii Ibaraki (グレーシィ茨木)
Gureeshii Ibaraki (グレーシィ茨木) is a 31-year-old condominium located at Ibaragishi Nishikawa Hara 1 Choume 18-100 (茨木市西河原1丁目18-100), Osaka, Japan. Built in 1995, it comprises 208 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Hase Kou Kooporeeshon (長谷工コーポレーション).
Pricing & Floor Plans
Based on 75 past listings, prices have ranged from 2,180〜4,490万円 (approx. $145,333–$299,333 USD at ¥150/$).
Unit sizes range from 73.9–109.9 sqm (795–1183 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 4SLDK (4-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥44.0万/sqm (approx. $2,935/sqm or $273/sqft).
Location & Neighborhood
The property is located at Ibaragishi Nishikawa Hara 1 Choume 18-100 (茨木市西河原1丁目18-100), Osaka, Japan. It is a 9-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 31 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 208 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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