Overview of Gurankooto Kishiwada (グランコート岸和田)
Gurankooto Kishiwada (グランコート岸和田) is a 31-year-old condominium located at Kishiwada Shi Nishiooji Machi 5 Choume 99-3 (岸和田市西大路町5丁目99-3), Osaka, Japan. Built in 1995, it comprises 49 units in a Reinforced Concrete (RC) structure. It was constructed by Morimoto Kumi (森本組).
Pricing & Floor Plans
Based on 18 past listings, prices have ranged from 1,050〜1,690万円 (approx. $70,000–$112,667 USD at ¥150/$).
Unit sizes range from 68.9–71.0 sqm (742–764 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3LDK (3-bedroom w/ living-dining-kitchen).
Location & Neighborhood
The property is located at Kishiwada Shi Nishiooji Machi 5 Choume 99-3 (岸和田市西大路町5丁目99-3), Osaka, Japan. It is a 13-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.
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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