Overview of Roiyaruparesu Izumichuuou Puromunaado (ロイヤルパレス泉中央プロムナード)
Roiyaruparesu Izumichuuou Puromunaado (ロイヤルパレス泉中央プロムナード) is a 28-year-old condominium located at Sendaishi Izumiku Shimei Saka 35-2 (仙台市泉区市名坂35-2), Miyagi, Japan. Built in 1998, it comprises 23 units in a Reinforced Concrete (RC) structure. It was constructed by Toyokuni Kensetsu (豊国建設).
Pricing & Floor Plans
Based on 31 past listings, prices have ranged from 1,480〜3,280万円 (approx. $98,667–$218,667 USD at ¥150/$).
Unit sizes range from 48.9–75.0 sqm (526–807 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2DK (2-bedroom w/ dining-kitchen), 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥26.1万/sqm (approx. $1,740/sqm or $162/sqft).
Location & Neighborhood
The property is located at Sendaishi Izumiku Shimei Saka 35-2 (仙台市泉区市名坂35-2), Miyagi, Japan. It is a 10-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.
Analyze this property's fair price and negotiation room for free at RE:public.