Overview of Rozaaru Oomiya (ロザール大宮)
Rozaaru Oomiya (ロザール大宮) is a 40-year-old condominium located at Saitama Shidai Miya Ku Dotemachi 1 Choume 18-1 (さいたま市大宮区土手町1丁目18-1), Saitama, Japan. Built in 1986, it comprises 42 units in a Reinforced Concrete (RC) structure. It was constructed by Fuji Kensetsu (富士建設).
Pricing & Floor Plans
Based on 52 past listings, prices have ranged from 330〜980万円 (approx. $22,000–$65,333 USD at ¥150/$).
Unit sizes range from 16.1–31.6 sqm (173–340 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1LDK (1-bedroom w/ living-dining-kitchen), 1K (1-bedroom w/ kitchen), 1R (Studio), 1DK (1-bedroom w/ dining-kitchen).
Estimated price per sqm: ¥30.7万/sqm (approx. $2,045/sqm or $190/sqft).
Location & Neighborhood
The property is located at Saitama Shidai Miya Ku Dotemachi 1 Choume 18-1 (さいたま市大宮区土手町1丁目18-1), Saitama, Japan. It is a 8-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 40 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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