Overview of Gurankooto Matsubara (グランコート松原)
Gurankooto Matsubara (グランコート松原) is a 28-year-old condominium located at Matsubara Ichikawa Gou 2 Choume 11-23 (松原市河合2丁目11-23), Osaka, Japan. Built in 1998, it comprises 61 units in a Reinforced Concrete (RC) structure. It was constructed by Yabuuchi Koumuten (藪内工務店).
Pricing & Floor Plans
Based on 33 past listings, prices have ranged from 920〜1,998万円 (approx. $61,333–$133,200 USD at ¥150/$).
Unit sizes range from 65.2–73.1 sqm (702–787 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2LDK (2-bedroom w/ living-dining-kitchen), 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥25.6万/sqm (approx. $1,706/sqm or $158/sqft).
Location & Neighborhood
The property is located at Matsubara Ichikawa Gou 2 Choume 11-23 (松原市河合2丁目11-23), Osaka, Japan. It is a 9-minute walk to the nearest station. This is considered good station access by Japanese standards.
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.
Scale advantage: With 61 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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