Overview of Roiyarumanshon Shindou Kouen (ロイヤルマンション新道公園)
Roiyarumanshon Shindou Kouen (ロイヤルマンション新道公園) is a 26-year-old condominium located at Toyokawa Ichizou Ko 6 Choume 10-11 (豊川市蔵子6丁目10-11), Aichi, Japan. Built in 2000, it comprises 34 units in a Reinforced Concrete (RC) structure. It was constructed by Meikou Kensetsu (名工建設).
Pricing & Floor Plans
Based on 20 past listings, prices have ranged from 1,480〜1,980万円 (approx. $98,667–$132,000 USD at ¥150/$).
Unit sizes range from 68.6–82.6 sqm (738–889 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3LDK (3-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥23.3万/sqm (approx. $1,553/sqm or $144/sqft).
Location & Neighborhood
The property is located at Toyokawa Ichizou Ko 6 Choume 10-11 (豊川市蔵子6丁目10-11), Aichi, Japan. It is a 16-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 26 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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