Overview of Neomaimu Ryougoku (ネオマイム両国)
Neomaimu Ryougoku (ネオマイム両国) is a 29-year-old condominium located at Sumidaku Ishihara 1 Choume 32-6 (墨田区石原1丁目32-6), Tokyo, Japan. Built in 1997, it comprises 29 units in a Reinforced Concrete (RC) structure. It was constructed by Matsuo Koumuten (松尾工務店).
Pricing & Floor Plans
Based on 17 past listings, prices have ranged from 3,380〜6,898万円 (approx. $225,333–$459,867 USD at ¥150/$).
Unit sizes range from 63.8–68.1 sqm (687–733 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥103.8万/sqm (approx. $6,917/sqm or $643/sqft).
Location & Neighborhood
The property is located at Sumidaku Ishihara 1 Choume 32-6 (墨田区石原1丁目32-6), Tokyo, Japan. It is a 13-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 29 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
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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