Overview of Raionzumanshon・poototaun Imabari (ライオンズマンション・ポートタウン今治)
Raionzumanshon・poototaun Imabari (ライオンズマンション・ポートタウン今治) is a 36-year-old condominium located at Imabari Shi Koganechou 1 Choume 8-11 (今治市黄金町1丁目8-11), Ehime, Japan. Built in 1990, it comprises 36 units in a Reinforced Concrete (RC) structure. It was constructed by Kumagaigumi (熊谷組).
Pricing & Floor Plans
Based on 29 past listings, prices have ranged from 370〜630万円 (approx. $24,667–$42,000 USD at ¥150/$).
Unit sizes range from 24.3–27.0 sqm (262–291 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1K (1-bedroom w/ kitchen), 1R (Studio), 1DK (1-bedroom w/ dining-kitchen).
Estimated price per sqm: ¥19.4万/sqm (approx. $1,291/sqm or $120/sqft).
Location & Neighborhood
The property is located at Imabari Shi Koganechou 1 Choume 8-11 (今治市黄金町1丁目8-11), Ehime, Japan. It is a 15-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 36 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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