Overview of Roorerukooto Sakurai Minami (ローレルコート桜井南)
Roorerukooto Sakurai Minami (ローレルコート桜井南) is a 31-year-old condominium located at Sakurai Shi Sakurai 585 (桜井市桜井585), Nara, Japan. Built in 1995, it comprises 183 units in a Reinforced Concrete (RC) structure. It was constructed by Asanuma Kumi , Dainippon Doboku , Nakao Kumi , Takagishi Kumi (淺沼組、 大日本土木、 中尾組、 高岸組).
Pricing & Floor Plans
Based on 126 past listings, prices have ranged from 530〜1,590万円 (approx. $35,333–$106,000 USD at ¥150/$).
Unit sizes range from 60.8–74.5 sqm (654–802 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 2LDK (2-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: ¥10.5万/sqm (approx. $702/sqm or $65/sqft).
Location & Neighborhood
The property is located at Sakurai Shi Sakurai 585 (桜井市桜井585), Nara, 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 31 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 183 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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