Overview of Oumihachiman Guriinmanshon 2 Ban Kan (近江八幡グリーンマンション２番館)
Oumihachiman Guriinmanshon 2 Ban Kan (近江八幡グリーンマンション２番館) is a 31-year-old condominium located at Oumihachiman Shichuu Mura Machi 49-3 (近江八幡市中村町49-3), Shiga, Japan. Built in 1995, it comprises 127 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Hase Kou Kooporeeshon (長谷工コーポレーション).
Pricing & Floor Plans
Based on 34 past listings, prices have ranged from 850〜2,380万円 (approx. $56,667–$158,667 USD at ¥150/$).
Unit sizes range from 58.2–83.0 sqm (626–893 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3SLDK (3-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen).
Location & Neighborhood
The property is located at Oumihachiman Shichuu Mura Machi 49-3 (近江八幡市中村町49-3), Shiga, Japan. It is a 16-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 31 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 127 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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