Overview of Gurankooto Saijou Asahi Machi (グランコート西条朝日町)
Gurankooto Saijou Asahi Machi (グランコート西条朝日町) is a 29-year-old condominium located at Higashi Hiroshima Shi Saijou Asahi Machi 10-5 (東広島市西条朝日町10-5), Hiroshima, Japan. Built in 1997, it comprises 70 units in a Reinforced Concrete (RC) structure. It was constructed by Daihoukensetsu (大豊建設).
Pricing & Floor Plans
Based on 32 past listings, prices have ranged from 1,380〜2,598万円 (approx. $92,000–$173,200 USD at ¥150/$).
Unit sizes range from 67.9–73.6 sqm (731–792 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥31.8万/sqm (approx. $2,119/sqm or $197/sqft).
Location & Neighborhood
The property is located at Higashi Hiroshima Shi Saijou Asahi Machi 10-5 (東広島市西条朝日町10-5), Hiroshima, Japan. It is a 12-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 29 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 70 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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