Overview of Raionzushitei Sakae (ライオンズシティ栄)
Raionzushitei Sakae (ライオンズシティ栄) is a 23-year-old condominium located at Nagoyashi Nakaku Sakae 3 Choume 19-27 (名古屋市中区栄3丁目19-27), Aichi, Japan. Built in 2003, it comprises 41 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Muranaka Kensetsu (村中建設).
Pricing & Floor Plans
Based on 32 past listings, prices have ranged from 1,980〜5,490万円 (approx. $132,000–$366,000 USD at ¥150/$).
Unit sizes range from 60.5–96.6 sqm (651–1040 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), 2LDK (2-bedroom w/ living-dining-kitchen), 3SLDK (3-bedroom w/ living-dining-kitchen + service room).
Estimated price per sqm: ¥58.0万/sqm (approx. $3,869/sqm or $359/sqft).
Location & Neighborhood
The property is located at Nagoyashi Nakaku Sakae 3 Choume 19-27 (名古屋市中区栄3丁目19-27), 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 23 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.
Analyze this property's fair price and negotiation room for free at RE:public.