Overview of Roiyarureinboo Shikatsu (ロイヤルレインボー師勝)
Roiyarureinboo Shikatsu (ロイヤルレインボー師勝) is a 28-year-old condominium located at Kitanagoya Shi Shikata Ryuu 12 (北名古屋市鹿田流12), Aichi, Japan. Built in 1998, it comprises 17 units in a 鉄骨造 structure. It was constructed by Sakai Souken (サカイ創建).
Pricing & Floor Plans
Price range: 情報なし.
Estimated price per sqm: ¥11.6万/sqm (approx. $775/sqm or $72/sqft).
Location & Neighborhood
The property is located at Kitanagoya Shi Shikata Ryuu 12 (北名古屋市鹿田流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 28 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.
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