Overview of Roiyarukooto Handa Ichiban Kan (ロイヤルコート半田壱番館)
Roiyarukooto Handa Ichiban Kan (ロイヤルコート半田壱番館) is a 33-year-old condominium located at Handa Shi Kamezaki Kitaura Machi 3 Choume 13 (半田市亀崎北浦町3丁目13), Aichi, Japan. Built in 1993, it comprises 128 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Yamato Hausu (大和ハウス).
Pricing & Floor Plans
Based on 94 past listings, prices have ranged from 550〜1,430万円 (approx. $36,667–$95,333 USD at ¥150/$).
Unit sizes range from 65.7–81.4 sqm (707–876 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥20.2万/sqm (approx. $1,344/sqm or $125/sqft).
Location & Neighborhood
The property is located at Handa Shi Kamezaki Kitaura Machi 3 Choume 13 (半田市亀崎北浦町3丁目13), Aichi, Japan. It is a 14-minute walk to the nearest station. In Japan, station proximity significantly affects property values and daily convenience.
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 33 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 128 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.
Analyze this property's fair price and negotiation room for free at RE:public.