Overview of Raionzumanshon Hikone (ライオンズマンション彦根)
Raionzumanshon Hikone (ライオンズマンション彦根) is a 34-year-old condominium located at Hikone Shi Serikawa Machi 1212 (彦根市芹川町1212), Shiga, Japan. Built in 1992, it comprises 160 units in a Reinforced Concrete (RC) structure. It was constructed by Tekken Kensetsu (鉄建建設).
Pricing & Floor Plans
Based on 96 past listings, prices have ranged from 650〜1,580万円 (approx. $43,333–$105,333 USD at ¥150/$).
Unit sizes range from 57.0–79.1 sqm (614–851 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 1LDK (1-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥16.9万/sqm (approx. $1,125/sqm or $105/sqft).
Location & Neighborhood
The property is located at Hikone Shi Serikawa Machi 1212 (彦根市芹川町1212), Shiga, Japan. It is a 2-minute walk to the nearest station. This is considered excellent station access in Japan, where most daily errands are done on foot or by train.
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.
Scale advantage: With 160 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.
Analyze this property's fair price and negotiation room for free at RE:public.