Overview of Raionzumanshon Sakai Horigami No Oka (ライオンズマンション堺堀上の丘)
Raionzumanshon Sakai Horigami No Oka (ライオンズマンション堺堀上の丘) is a 31-year-old condominium located at Sakaishi Nakaku Horigami Machi 220 (堺市中区堀上町220), Osaka, Japan. Built in 1995, it comprises 41 units in a Reinforced Concrete (RC) structure. It was constructed by Taihou , Muranaka Kensetsu (大鵬、 村中建設).
Pricing & Floor Plans
Based on 48 past listings, prices have ranged from 780〜1,880万円 (approx. $52,000–$125,333 USD at ¥150/$).
Unit sizes range from 59.6–88.9 sqm (642–957 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1SLDK (1-bedroom w/ living-dining-kitchen + service room), 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 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: ¥23.3万/sqm (approx. $1,554/sqm or $144/sqft).
Location & Neighborhood
The property is located at Sakaishi Nakaku Horigami Machi 220 (堺市中区堀上町220), Osaka, Japan. It is a 21-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 31 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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