Overview of Roorerusukuea Izumi Chuuou B Tou (ローレルスクエア和泉中央Ｂ棟)
Roorerusukuea Izumi Chuuou B Tou (ローレルスクエア和泉中央Ｂ棟) is a 31-year-old condominium located at Izumi Shi Ibuki No 3 Choume 5-12 (和泉市いぶき野3丁目5-12), Osaka, Japan. Built in 1995, it comprises 75 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Kashima Kensetsu , Kounoike Kumi , Dainippon Doboku , Zenidaka Kumi (鹿島建設、 鴻池組、 大日本土木、 錢高組).
Pricing & Floor Plans
Price range: 情報なし.
Estimated price per sqm: ¥38.9万/sqm (approx. $2,591/sqm or $241/sqft).
Location & Neighborhood
The property is located at Izumi Shi Ibuki No 3 Choume 5-12 (和泉市いぶき野3丁目5-12), 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 31 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 75 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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