Overview of Raionzushitei Chigusa (ライオンズシティ千種)
Raionzushitei Chigusa (ライオンズシティ千種) is a 26-year-old condominium located at Nagoyashi Chikusaku Imaike 2 Choume 24-6 (名古屋市千種区今池2丁目24-6), Aichi, Japan. Built in 2000, it comprises 64 units in a Reinforced Concrete (RC) structure. It was constructed by Zenidaka Kumi (錢高組).
Pricing & Floor Plans
Price range: 情報なし.
Estimated price per sqm: ¥54.2万/sqm (approx. $3,613/sqm or $336/sqft).
Location & Neighborhood
The property is located at Nagoyashi Chikusaku Imaike 2 Choume 24-6 (名古屋市千種区今池2丁目24-6), Aichi, Japan. It is a 7-minute walk to the nearest station. This is considered good station access by Japanese standards.
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 26 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 64 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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