Overview of Roiyaruparesu Itabashi (ロイヤルパレス板橋)
Roiyaruparesu Itabashi (ロイヤルパレス板橋) is a 42-year-old condominium located at Itabashiku Itabashi 3 Choume 38-10 (板橋区板橋3丁目38-10), Tokyo, Japan. Built in 1984, it comprises 22 units in a Reinforced Concrete (RC) structure. It was constructed by Yamada Kensetsu (山田建設).
Pricing & Floor Plans
Based on 13 past listings, prices have ranged from 990〜4,480万円 (approx. $66,000–$298,667 USD at ¥150/$).
Unit sizes range from 24.3–57.7 sqm (262–621 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1LDK (1-bedroom w/ living-dining-kitchen), 3DK (3-bedroom w/ dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 1DK (1-bedroom w/ dining-kitchen).
Estimated price per sqm: ¥78.0万/sqm (approx. $5,202/sqm or $483/sqft).
Location & Neighborhood
The property is located at Itabashiku Itabashi 3 Choume 38-10 (板橋区板橋3丁目38-10), Tokyo, 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 42 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.