Overview of Kusatsu Roiyarupuraza (草津ロイヤルプラザ)
Kusatsu Roiyarupuraza (草津ロイヤルプラザ) is a 41-year-old condominium located at Kusatsu Shi Kusatsu 2 Choume 14-14 (草津市草津2丁目14-14), Shiga, Japan. Built in 1985, it comprises 28 units in a Reinforced Concrete (RC) structure. It was constructed by Goyoukensetsu (五洋建設).
Pricing & Floor Plans
Price range: 情報なし.
Estimated price per sqm: ¥19.9万/sqm (approx. $1,327/sqm or $123/sqft).
Location & Neighborhood
The property is located at Kusatsu Shi Kusatsu 2 Choume 14-14 (草津市草津2丁目14-14), Shiga, Japan. It is a 14-minute walk to the nearest station. In Japan, station proximity significantly affects property values and daily convenience.
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 41 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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