Overview of Roorerusukuea Tsunan Ga Oka Ni Ban Kan (ローレルスクエア津南が丘弐番館)
Roorerusukuea Tsunan Ga Oka Ni Ban Kan (ローレルスクエア津南が丘弐番館) is a 26-year-old condominium located at Tsushi Minami Ga Oka 1 Choume 23-1 (津市南が丘1丁目23-1), Mie, Japan. Built in 2000, it comprises 77 units in a Reinforced Concrete (RC) structure. It was constructed by Okumura Kumi (奥村組).
Pricing & Floor Plans
Based on 48 past listings, prices have ranged from 1,690〜2,780万円 (approx. $112,667–$185,333 USD at ¥150/$).
Unit sizes range from 74.1–94.1 sqm (798–1013 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3LDK (3-bedroom w/ living-dining-kitchen), 3SLDK (3-bedroom w/ living-dining-kitchen + service room), 4LDK (4-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥29.8万/sqm (approx. $1,987/sqm or $185/sqft).
Location & Neighborhood
The property is located at Tsushi Minami Ga Oka 1 Choume 23-1 (津市南が丘1丁目23-1), Mie, Japan. It is a 1-minute walk to the nearest station. This is considered excellent station access in Japan, where most daily errands are done on foot or by train.
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.
Scale advantage: With 77 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.
Analyze this property's fair price and negotiation room for free at RE:public.