Tecmo Secret of the Stars

You are a young boy named Ray, who lives with his foster-father in a small country house on an island. But he can not enjoy his idyllic life for a long time. Ray is told about the evil wizard Homncruise, who plans to conquer the world. Defeating Homncruise won't be easy: first Ray must find the magic crest of his fallen father, and build a strong team of legendary warriors, named Aquitallion. Only then will he and his comrades be ready to face Homncruise and save the world.

In this game you wander around the world map, visiting towns and dungeons, and fighting monsters in turn-based combat viewed from first-person perspective, much like in Dragon Quest games. You'll have two parties at your disposal, and will be able to switch between them at any time. One party is the Aquitallion, the "main" one, and the only one which can access plot-progressing areas. The other parties can be used for visiting dungeons and retrieving valuable items. At a certain point in the game, you'll also be able to build and manage your own town.