Overview of Raionzumanshonhanbii Kitatani (ライオンズマンションハンビー北谷)
Raionzumanshonhanbii Kitatani (ライオンズマンションハンビー北谷) is a 28-year-old condominium located at Nakazu Gun Kitatani Machi Kitatani 2 Choume 13-1 (中頭郡北谷町北谷2丁目13-1), Okinawa, Japan. Built in 1998, it comprises 27 units in a Reinforced Concrete (RC) structure. It was constructed by Nanyou Doken (南洋土建).
Pricing & Floor Plans
Based on 25 past listings, prices have ranged from 1,580〜5,300万円 (approx. $105,333–$353,333 USD at ¥150/$).
Unit sizes range from 61.7–109.7 sqm (664–1181 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥66.5万/sqm (approx. $4,430/sqm or $412/sqft).
Location & Neighborhood
The property is located at Nakazu Gun Kitatani Machi Kitatani 2 Choume 13-1 (中頭郡北谷町北谷2丁目13-1), Okinawa, Japan. It is a 3-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 28 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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