Overview of Roiyaruaaku Shin Seto (ロイヤルアーク新瀬戸)
Roiyaruaaku Shin Seto (ロイヤルアーク新瀬戸) is a 23-year-old condominium located at Seto Shi Kyouei Toori 2 Choume 26 (瀬戸市共栄通2丁目26), Aichi, Japan. Built in 2003, it comprises 70 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Hase Kou Kooporeeshon (長谷工コーポレーション).
Pricing & Floor Plans
Based on 39 past listings, prices have ranged from 980〜2,380万円 (approx. $65,333–$158,667 USD at ¥150/$).
Unit sizes range from 54.5–204.0 sqm (587–2196 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3LDK (3-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥23.9万/sqm (approx. $1,595/sqm or $148/sqft).
Location & Neighborhood
The property is located at Seto Shi Kyouei Toori 2 Choume 26 (瀬戸市共栄通2丁目26), Aichi, Japan. It is a 9-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 23 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 70 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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