Overview of Roorerukooto Kasumichou Chuuou Kouen (ローレルコート霞町中央公園)
Roorerukooto Kasumichou Chuuou Kouen (ローレルコート霞町中央公園) is a 25-year-old condominium located at Fukuyamashi Kasumichou 1 Choume 9-14 (福山市霞町1丁目9-14), Hiroshima, Japan. Built in 2001, it comprises 49 units in a Reinforced Concrete (RC) structure. It was constructed by Nippon Hodou (日本鋪道).
Pricing & Floor Plans
Price range: 情報なし.
Estimated price per sqm: ¥34.3万/sqm (approx. $2,287/sqm or $212/sqft).
Location & Neighborhood
The property is located at Fukuyamashi Kasumichou 1 Choume 9-14 (福山市霞町1丁目9-14), Hiroshima, Japan. It is a 10-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.
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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