Overview of Raionzushitei Tsurumai (ライオンズシティ鶴舞)
Raionzushitei Tsurumai (ライオンズシティ鶴舞) is a 33-year-old condominium located at Nagoyashi Nakaku Chiyoda 4 Choume 8-3 (名古屋市中区千代田4丁目8-3), Aichi, Japan. Built in 1993, it comprises 83 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Fujita (フジタ).
Pricing & Floor Plans
Based on 65 past listings, prices have ranged from 450〜4,880万円 (approx. $30,000–$325,333 USD at ¥150/$).
Unit sizes range from 20.4–93.0 sqm (220–1001 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 1LDK (1-bedroom w/ living-dining-kitchen), 1K (1-bedroom w/ kitchen), 2DK (2-bedroom w/ dining-kitchen), 1DK (1-bedroom w/ dining-kitchen).
Estimated price per sqm: ¥45.1万/sqm (approx. $3,009/sqm or $280/sqft).
Location & Neighborhood
The property is located at Nagoyashi Nakaku Chiyoda 4 Choume 8-3 (名古屋市中区千代田4丁目8-3), Aichi, Japan. It is a 8-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 33 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 83 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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