Overview of Gurankooto Sai 5 Ban Kan (グランコートさい５番館)
Gurankooto Sai 5 Ban Kan (グランコートさい５番館) is a 25-year-old condominium located at Okayamashi Nakaku Sai 71-8 (岡山市中区さい71-8), Okayama, Japan. Built in 2001, it comprises 47 units in a Reinforced Concrete (RC) structure. It was constructed by Andou Kensetsu (安藤建設).
Pricing & Floor Plans
Based on 23 past listings, prices have ranged from 1,250〜1,750万円 (approx. $83,333–$116,667 USD at ¥150/$).
Unit sizes range from 68.4–76.9 sqm (736–828 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 2SSLDK (2-bedroom w/ living-dining-kitchen + service room), 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥20.0万/sqm (approx. $1,331/sqm or $124/sqft).
Location & Neighborhood
The property is located at Okayamashi Nakaku Sai 71-8 (岡山市中区さい71-8), Okayama, Japan. It is a 14-minute walk to the nearest station. In Japan, station proximity significantly affects property values and daily convenience.
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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