Overview of Gurankooto Suminoe (グランコート住之江)
Gurankooto Suminoe (グランコート住之江) is a 29-year-old condominium located at Oosakashi Suminoe Ku Adachi 1 Choume 11-25 (大阪市住之江区安立1丁目11-25), Osaka, Japan. Built in 1997, it comprises 30 units in a Reinforced Concrete (RC) structure. It was constructed by Ookura Kensetsu (大倉建設).
Pricing & Floor Plans
Price range: 情報なし.
Estimated price per sqm: ¥42.1万/sqm (approx. $2,809/sqm or $261/sqft).
Location & Neighborhood
The property is located at Oosakashi Suminoe Ku Adachi 1 Choume 11-25 (大阪市住之江区安立1丁目11-25), Osaka, Japan. It is a 4-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 29 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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