Overview of Gurankooto Izumiootsu 2 Uingupuraza 1 Ban Kan (グランコート泉大津２ ウイングプラザ１番館)
Gurankooto Izumiootsu 2 Uingupuraza 1 Ban Kan (グランコート泉大津２ ウイングプラザ１番館) is a 28-year-old condominium located at Izumiootsu Shi Kita Toyonaka Machi 2 Choume 7-40 (泉大津市北豊中町2丁目7-40), Osaka, Japan. Built in 1998, it comprises 107 units in a Reinforced Concrete (RC) structure. It was constructed by Nippon Kensetsu (日本建設).
Pricing & Floor Plans
Price range: 情報なし.
Estimated price per sqm: ¥25.1万/sqm (approx. $1,676/sqm or $156/sqft).
Location & Neighborhood
The property is located at Izumiootsu Shi Kita Toyonaka Machi 2 Choume 7-40 (泉大津市北豊中町2丁目7-40), Osaka, Japan. It is a 10-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 28 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 107 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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