Overview of Guriinkoopo Biwa Shima (グリーンコーポ枇杷島)
Guriinkoopo Biwa Shima (グリーンコーポ枇杷島) is a 28-year-old condominium located at Nagoyashi Nishiku Biwa Shima 4 Choume 16-23 (名古屋市西区枇杷島4丁目16-23), Aichi, Japan. Built in 1998, it comprises 17 units in a Reinforced Concrete (RC) structure. It was constructed by Nippon Kensetsu (日本建設).
Pricing & Floor Plans
Based on 15 past listings, prices have ranged from 1,380〜2,299万円 (approx. $92,000–$153,267 USD at ¥150/$).
Unit sizes range from 74.2–83.3 sqm (799–897 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 3SLDK (3-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥27.7万/sqm (approx. $1,847/sqm or $172/sqft).
Location & Neighborhood
The property is located at Nagoyashi Nishiku Biwa Shima 4 Choume 16-23 (名古屋市西区枇杷島4丁目16-23), Aichi, Japan. It is a 11-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 28 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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