Overview of Roiyaru Tsushima 5 (ロイヤル津島５)
Roiyaru Tsushima 5 (ロイヤル津島５) is a 28-year-old condominium located at Tsushima Shi Tachibanachou 4 Choume 23-3 (津島市橘町4丁目23-3), Aichi, Japan. Built in 1998, it comprises 43 units in a Reinforced Concrete (RC) structure. It was constructed by Meikou Kensetsu (名工建設).
Pricing & Floor Plans
Based on 23 past listings, prices have ranged from 980〜1,800万円 (approx. $65,333–$120,000 USD at ¥150/$).
Unit sizes range from 71.2–86.2 sqm (766–928 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥19.1万/sqm (approx. $1,274/sqm or $118/sqft).
Location & Neighborhood
The property is located at Tsushima Shi Tachibanachou 4 Choume 23-3 (津島市橘町4丁目23-3), Aichi, Japan. It is a 6-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 28 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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