Overview of Raionzumanshon Kokuraeki Minami Dai 2 (ライオンズマンション小倉駅南第2)
Raionzumanshon Kokuraeki Minami Dai 2 (ライオンズマンション小倉駅南第2) is a 35-year-old condominium located at Kitakyuushuushi Kokurakita Ku Kounan Machi 7-22 (北九州市小倉北区江南町7-22), Fukuoka, Japan. Built in 1991, it comprises 62 units in a Reinforced Concrete (RC) structure. It was constructed by Dai Matsu Kensetsu (大末建設).
Pricing & Floor Plans
Based on 44 past listings, prices have ranged from 200〜980万円 (approx. $13,333–$65,333 USD at ¥150/$).
Unit sizes range from 17.9–41.8 sqm (193–450 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1K (1-bedroom w/ kitchen), 1R (Studio), 2DK (2-bedroom w/ dining-kitchen).
Estimated price per sqm: ¥12.6万/sqm (approx. $837/sqm or $78/sqft).
Location & Neighborhood
The property is located at Kitakyuushuushi Kokurakita Ku Kounan Machi 7-22 (北九州市小倉北区江南町7-22), Fukuoka, Japan. It is a 5-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 35 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 62 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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