Overview of Ra・merukaasa (ラ・メルカーサ)
Ra・merukaasa (ラ・メルカーサ) is a 23-year-old condominium located at Gamagoori Shi Kaiyou Machi 2 Choume 5-1 ~ 2 , 7-1 , 7-5 (蒲郡市海陽町2丁目5-1〜2、7-1、7-5), Aichi, Japan. Built in 2003, it comprises 82 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Takenakakoumuten (竹中工務店).
Pricing & Floor Plans
Price range: 情報なし.
Estimated price per sqm: ¥31.5万/sqm (approx. $2,101/sqm or $195/sqft).
Location & Neighborhood
The property is located at Gamagoori Shi Kaiyou Machi 2 Choume 5-1 ~ 2 , 7-1 , 7-5 (蒲郡市海陽町2丁目5-1〜2、7-1、7-5), Aichi, Japan. It is a 15-minute walk to the nearest station. In Japan, station proximity significantly affects property values and daily convenience.
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 23 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 82 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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