Overview of Raionzushitei Daikan Machi (ライオンズシティ代官町)
Raionzushitei Daikan Machi (ライオンズシティ代官町) is a 32-year-old condominium located at Nagoyashi Higashiku Daikan Machi 17-13 (名古屋市東区代官町17-13), Aichi, Japan. Built in 1994, it comprises 42 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Tekken Kensetsu (鉄建建設).
Pricing & Floor Plans
Based on 42 past listings, prices have ranged from 1,580〜3,150万円 (approx. $105,333–$210,000 USD at ¥150/$).
Unit sizes range from 52.5–90.5 sqm (565–974 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3DK (3-bedroom w/ dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥47.7万/sqm (approx. $3,180/sqm or $295/sqft).
Location & Neighborhood
The property is located at Nagoyashi Higashiku Daikan Machi 17-13 (名古屋市東区代官町17-13), Aichi, Japan. It is a 8-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 32 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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