Overview of Roorerukooto Furuichi 5 Ban Kan (ローレルコート古市５番館)
Roorerukooto Furuichi 5 Ban Kan (ローレルコート古市５番館) is a 25-year-old condominium located at Habikino Shi Nishiura 1 Choume 12-5 (羽曳野市西浦1丁目12-5), Osaka, Japan. Built in 2001, it comprises 54 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Dainippon Doboku , Okumura Kumi (大日本土木、 奥村組).
Pricing & Floor Plans
Based on 22 past listings, prices have ranged from 1,580〜3,500万円 (approx. $105,333–$233,333 USD at ¥150/$).
Unit sizes range from 68.8–92.8 sqm (741–999 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥36.6万/sqm (approx. $2,440/sqm or $227/sqft).
Location & Neighborhood
The property is located at Habikino Shi Nishiura 1 Choume 12-5 (羽曳野市西浦1丁目12-5), Osaka, Japan. It is a 9-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 25 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 54 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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