Overview of Kakogawa Guriinshitei D Tou (加古川グリーンシティＤ棟)
Kakogawa Guriinshitei D Tou (加古川グリーンシティＤ棟) is a 41-year-old condominium located at Kakogawa Shi Kakogawa Machi Heiya 24 (加古川市加古川町平野24), Hyogo, Japan. Built in 1985, it comprises 167 units in a Reinforced Concrete (RC) structure. It was constructed by Tekken Kensetsu (鉄建建設).
Pricing & Floor Plans
Price range: 情報なし.
Estimated price per sqm: ¥22.2万/sqm (approx. $1,477/sqm or $137/sqft).
Location & Neighborhood
The property is located at Kakogawa Shi Kakogawa Machi Heiya 24 (加古川市加古川町平野24), Hyogo, Japan. It is a 15-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 41 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 167 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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