Overview of Marumi Roiyaru Minato (丸美ロイヤル港)
Marumi Roiyaru Minato (丸美ロイヤル港) is a 35-year-old condominium located at Nagoyashi Minatoku Chidori 1 Choume 13-12 (名古屋市港区千鳥1丁目13-12), Aichi, Japan. Built in 1991, it comprises 83 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Meikou Kensetsu (名工建設).
Pricing & Floor Plans
Based on 64 past listings, prices have ranged from 980〜2,180万円 (approx. $65,333–$145,333 USD at ¥150/$).
Unit sizes range from 68.5–107.1 sqm (737–1153 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 4SLDK (4-bedroom w/ living-dining-kitchen + service room), 2LDK (2-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥16.9万/sqm (approx. $1,123/sqm or $104/sqft).
Location & Neighborhood
The property is located at Nagoyashi Minatoku Chidori 1 Choume 13-12 (名古屋市港区千鳥1丁目13-12), Aichi, 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 35 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 83 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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