Overview of Rearumaare Bou Gensou (レアルマーレ望厳荘)
Rearumaare Bou Gensou (レアルマーレ望厳荘) is a 24-year-old condominium located at Hatsukaichi Shi Miyajima Kuchi 1 Choume 8-14 (廿日市市宮島口1丁目8-14), Hiroshima, Japan. Built in 2002, it comprises 50 units in a Reinforced Concrete (RC) structure. It was constructed by Hironari Kensetsu , Mori Shin Kensetsu , Toukaikougyou (広成建設、森信建設、東海興業).
Pricing & Floor Plans
Based on 30 past listings, prices have ranged from 1,980〜5,300万円 (approx. $132,000–$353,333 USD at ¥150/$).
Unit sizes range from 73.6–94.5 sqm (792–1017 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 4SLDK (4-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥34.3万/sqm (approx. $2,285/sqm or $212/sqft).
Location & Neighborhood
The property is located at Hatsukaichi Shi Miyajima Kuchi 1 Choume 8-14 (廿日市市宮島口1丁目8-14), Hiroshima, 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 24 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 50 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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