Overview of Roiyaru Kaizuka (ロイヤル貝塚)
Roiyaru Kaizuka (ロイヤル貝塚) is a 34-year-old condominium located at Kaizukashi Shinmachi 10-12 (貝塚市新町10-12), Osaka, Japan. Built in 1992, it comprises 40 units in a Reinforced Concrete (RC) structure. It was constructed by Tekken Kensetsu (鉄建建設).
Pricing & Floor Plans
Based on 19 past listings, prices have ranged from 980〜1,680万円 (approx. $65,333–$112,000 USD at ¥150/$).
Unit sizes range from 66.2–82.7 sqm (713–890 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2LDK (2-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥16.6万/sqm (approx. $1,105/sqm or $103/sqft).
Location & Neighborhood
The property is located at Kaizukashi Shinmachi 10-12 (貝塚市新町10-12), Osaka, Japan. It is a 7-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 34 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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