Overview of Raruuendi Iwakuni Ekimae (ラルウェンディ岩国駅前)
Raruuendi Iwakuni Ekimae (ラルウェンディ岩国駅前) is a 9-year-old condominium located at Iwakuni Shi Marifumachi 4 Choume 1-5 (岩国市麻里布町4丁目1-5), Yamaguchi, Japan. Built in 2017, it comprises 84 units in a Reinforced Concrete (RC) structure. It was constructed by Hironari Kensetsu (広成建設).
Pricing & Floor Plans
Price range: 情報なし.
Estimated price per sqm: ¥40.3万/sqm (approx. $2,688/sqm or $250/sqft).
Location & Neighborhood
The property is located at Iwakuni Shi Marifumachi 4 Choume 1-5 (岩国市麻里布町4丁目1-5), Yamaguchi, Japan. It is a 3-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
Scale advantage: With 84 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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