Overview of Raionzumanshon Higashi Hiroshima (ライオンズマンション東広島)
Raionzumanshon Higashi Hiroshima (ライオンズマンション東広島) is a 35-year-old condominium located at Higashi Hiroshima Shi Saijou Asahi Machi 8-43 (東広島市西条朝日町8-43), Hiroshima, Japan. Built in 1991, it comprises 47 units in a Reinforced Concrete (RC) structure. It was constructed by Matsumura Kumi (松村組).
Pricing & Floor Plans
Based on 20 past listings, prices have ranged from 980〜1,840万円 (approx. $65,333–$122,667 USD at ¥150/$).
Unit sizes range from 60.4–85.6 sqm (650–921 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3DK (3-bedroom w/ dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥24.1万/sqm (approx. $1,604/sqm or $149/sqft).
Location & Neighborhood
The property is located at Higashi Hiroshima Shi Saijou Asahi Machi 8-43 (東広島市西条朝日町8-43), Hiroshima, Japan. It is a 9-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 35 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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