Overview of Gurooriasu Chiryuu Hironori Toori Daini (グローリアス知立弘法通第２)
Gurooriasu Chiryuu Hironori Toori Daini (グローリアス知立弘法通第２) is a 30-year-old condominium located at Chiryuushi Hironori Chouhou Shita 1-8 (知立市弘法町法下1-8), Aichi, Japan. Built in 1996, it comprises 33 units in a Reinforced Concrete (RC) structure. It was constructed by Kuni Kensetsu (六合建設).
Pricing & Floor Plans
Based on 9 past listings, prices have ranged from 1,360〜1,999万円 (approx. $90,667–$133,267 USD at ¥150/$).
Unit sizes range from 75.0–75.7 sqm (807–815 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: ¥22.7万/sqm (approx. $1,514/sqm or $141/sqft).
Location & Neighborhood
The property is located at Chiryuushi Hironori Chouhou Shita 1-8 (知立市弘法町法下1-8), Aichi, Japan. It is a 15-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 30 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.
Analyze this property's fair price and negotiation room for free at RE:public.