Overview of Raionzumanshon Koshigaya Daini (ライオンズマンション越谷第２)
Raionzumanshon Koshigaya Daini (ライオンズマンション越谷第２) is a 34-year-old condominium located at Koshigaya Shi Gamou 2 Choume 8-11 (越谷市蒲生2丁目8-11), Saitama, Japan. Built in 1992, it comprises 33 units in a Reinforced Concrete (RC) structure. It was constructed by Ataka Kougyou (アタカ工業).
Pricing & Floor Plans
Based on 21 past listings, prices have ranged from 880〜1,980万円 (approx. $58,667–$132,000 USD at ¥150/$).
Unit sizes range from 49.6–58.4 sqm (534–629 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3DK (3-bedroom w/ dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥34.4万/sqm (approx. $2,294/sqm or $213/sqft).
Location & Neighborhood
The property is located at Koshigaya Shi Gamou 2 Choume 8-11 (越谷市蒲生2丁目8-11), Saitama, Japan. It is a 16-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 34 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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