Overview of Roorerukooto Matsusaka (ローレルコート松阪)
Roorerukooto Matsusaka (ローレルコート松阪) is a 23-year-old condominium located at Matsusaka Shi Minatomachi 184-6 (松阪市湊町184-6), Mie, Japan. Built in 2003, it comprises 112 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Oobayashi Kumi (大林組).
Pricing & Floor Plans
Based on 43 past listings, prices have ranged from 1,390〜2,880万円 (approx. $92,667–$192,000 USD at ¥150/$).
Unit sizes range from 72.4–95.1 sqm (779–1024 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥29.1万/sqm (approx. $1,943/sqm or $181/sqft).
Location & Neighborhood
The property is located at Matsusaka Shi Minatomachi 184-6 (松阪市湊町184-6), Mie, 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 23 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 112 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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