Overview of Roiyaruvanbeeru Shima Daiou Saki (ロイヤルヴァンベール志摩大王崎)
Roiyaruvanbeeru Shima Daiou Saki (ロイヤルヴァンベール志摩大王崎) is a 29-year-old condominium located at Shima Shidai Ou Machi Nakiri 3626-1 (志摩市大王町波切3626-1), Mie, Japan. Built in 1997, it comprises 120 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Sumitomokensetsu (住友建設).
Pricing & Floor Plans
Based on 84 past listings, prices have ranged from 130〜900万円 (approx. $8,667–$60,000 USD at ¥150/$).
Unit sizes range from 46.8–67.2 sqm (504–723 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1LDK (1-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 2DK (2-bedroom w/ dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Location & Neighborhood
The property is located at Shima Shidai Ou Machi Nakiri 3626-1 (志摩市大王町波切3626-1), Mie, Japan. It is a 7-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 29 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 120 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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