Overview of Guranburuu Shukuin (グランブルー宿院)
Guranburuu Shukuin (グランブルー宿院) is a 25-year-old condominium located at Sakaishi Sakai Ku Nakanochou Nishi 3 Choume 1-8 (堺市堺区中之町西3丁目1-8), Osaka, Japan. Built in 2001, it comprises 44 units in a Reinforced Concrete (RC) structure. It was constructed by Mitsuikensetsu (三井建設).
Pricing & Floor Plans
Based on 15 past listings, prices have ranged from 1,880〜3,248万円 (approx. $125,333–$216,533 USD at ¥150/$).
Unit sizes range from 70.4–83.6 sqm (758–900 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥39.5万/sqm (approx. $2,633/sqm or $245/sqft).
Location & Neighborhood
The property is located at Sakaishi Sakai Ku Nakanochou Nishi 3 Choume 1-8 (堺市堺区中之町西3丁目1-8), 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 25 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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