Overview of Roorerukooto Nanba (ローレルコート難波)
Roorerukooto Nanba (ローレルコート難波) is a 25-year-old condominium located at Oosakashi Naniwa Ku Minatomachi 1 Choume 4-36 (大阪市浪速区湊町1丁目4-36), Osaka, Japan. Built in 2001, it comprises 261 units in a Reinforced Concrete (RC) structure. It was constructed by Kashima Kensetsu , Oobayashi Kumi , Okumura Kumi (鹿島建設、 大林組、 奥村組).
Pricing & Floor Plans
Based on 117 past listings, prices have ranged from 1,950〜14,800万円 (approx. $130,000–$986,667 USD at ¥150/$).
Unit sizes range from 43.1–116.3 sqm (464–1252 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1SLDK (1-bedroom w/ living-dining-kitchen + service room), 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 2SSLDK (2-bedroom w/ living-dining-kitchen + service room), 1LDK (1-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥94.3万/sqm (approx. $6,287/sqm or $584/sqft).
Location & Neighborhood
The property is located at Oosakashi Naniwa Ku Minatomachi 1 Choume 4-36 (大阪市浪速区湊町1丁目4-36), Osaka, Japan. It is a 1-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 25 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 261 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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