Overview of Roorerusukuea Izumi Chuuou (ローレルスクエア和泉中央)
Roorerusukuea Izumi Chuuou (ローレルスクエア和泉中央) is a 31-year-old condominium located at Izumi Shi Ibuki No 3 Choume 5-11 ~ 14 (和泉市いぶき野3丁目5-11〜14), Osaka, Japan. Built in 1995, it comprises 48 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Kashima Kensetsu , Kounoike Kumi (鹿島建設、 鴻池組).
Pricing & Floor Plans
Based on 69 past listings, prices have ranged from 1,670〜3,190万円 (approx. $111,333–$212,667 USD at ¥150/$).
Unit sizes range from 67.8–104.0 sqm (730–1119 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 3SLDK (3-bedroom w/ living-dining-kitchen + service room).
Estimated price per sqm: ¥31.8万/sqm (approx. $2,123/sqm or $197/sqft).
Location & Neighborhood
The property is located at Izumi Shi Ibuki No 3 Choume 5-11 ~ 14 (和泉市いぶき野3丁目5-11〜14), Osaka, Japan. It is a 4-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 31 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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