Overview of Ryoubi Gureesumanshon Idai Nishi 2 (両備グレースマンション医大西２)
Ryoubi Gureesumanshon Idai Nishi 2 (両備グレースマンション医大西２) is a 31-year-old condominium located at Okayamashi Kitaku Higashi Komatsu 2 Choume 11-25 (岡山市北区東古松2丁目11-25), Okayama, Japan. Built in 1995, it comprises 30 units in a Reinforced Concrete (RC) structure. It was constructed by Oobayashi Kumi (大林組).
Pricing & Floor Plans
Based on 29 past listings, prices have ranged from 1,490〜2,580万円 (approx. $99,333–$172,000 USD at ¥150/$).
Unit sizes range from 76.4–84.8 sqm (822–913 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥28.8万/sqm (approx. $1,920/sqm or $178/sqft).
Location & Neighborhood
The property is located at Okayamashi Kitaku Higashi Komatsu 2 Choume 11-25 (岡山市北区東古松2丁目11-25), Okayama, Japan. It is a 5-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 31 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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