Overview of Raionzugaadenhiruzu Ooike Kouen (ライオンズガーデンヒルズ大池公園)
Raionzugaadenhiruzu Ooike Kouen (ライオンズガーデンヒルズ大池公園) is a 28-year-old condominium located at Toukaishi Oota Machi Terashita 8-5 (東海市大田町寺下8-5), Aichi, Japan. Built in 1998, it comprises 128 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Taisei Purehabu (大成プレハブ).
Pricing & Floor Plans
Based on 51 past listings, prices have ranged from 1,480〜2,998万円 (approx. $98,667–$199,867 USD at ¥150/$).
Unit sizes range from 71.0–98.8 sqm (764–1063 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), 4LDK (4-bedroom w/ living-dining-kitchen), 3SLDK (3-bedroom w/ living-dining-kitchen + service room).
Estimated price per sqm: ¥29.2万/sqm (approx. $1,950/sqm or $181/sqft).
Location & Neighborhood
The property is located at Toukaishi Oota Machi Terashita 8-5 (東海市大田町寺下8-5), Aichi, Japan. It is a 14-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 28 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 128 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.
Analyze this property's fair price and negotiation room for free at RE:public.