Overview of Daihatsu Roiyaruhaimu Houzen Tera Ekimae (大発ロイヤルハイム法善寺駅前)
Daihatsu Roiyaruhaimu Houzen Tera Ekimae (大発ロイヤルハイム法善寺駅前) is a 32-year-old condominium located at Kashiwabara Shi Houzen Tera 2 Choume 15-19 (柏原市法善寺2丁目15-19), Osaka, Japan. Built in 1994, it comprises 52 units in a Reinforced Concrete (RC) structure. It was constructed by Maeda Kensetsu Kougyou (前田建設工業).
Pricing & Floor Plans
Price range: 情報なし.
Estimated price per sqm: ¥24.0万/sqm (approx. $1,600/sqm or $149/sqft).
Location & Neighborhood
The property is located at Kashiwabara Shi Houzen Tera 2 Choume 15-19 (柏原市法善寺2丁目15-19), Osaka, Japan. It is a 2-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 32 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 52 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.