Overview of Gurandoparesu Shimonoseki Puraaju (グランドパレス下関プラージュ)
Gurandoparesu Shimonoseki Puraaju (グランドパレス下関プラージュ) is a 25-year-old condominium located at Shimonosekishi Amida Teramachi 7-15 (下関市阿弥陀寺町7-15), Yamaguchi, Japan. Built in 2001, it comprises 33 units in a Steel Reinforced Concrete (SRC) structure.
Pricing & Floor Plans
Based on 44 past listings, prices have ranged from 1,300〜2,390万円 (approx. $86,667–$159,333 USD at ¥150/$).
Unit sizes range from 73.5–90.5 sqm (791–974 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1SLDK (1-bedroom w/ living-dining-kitchen + service room), 1LDK (1-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥20.1万/sqm (approx. $1,338/sqm or $124/sqft).
Location & Neighborhood
The property is located at Shimonosekishi Amida Teramachi 7-15 (下関市阿弥陀寺町7-15), Yamaguchi, Japan. It is a 5-minute walk to the nearest station. This is considered excellent station access in Japan, where most daily errands are done on foot or by train.
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 25 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.