Overview of Raionzusuteeshonpuraza Oumihachiman Ichiban Kan (ライオンズステーションプラザ近江八幡壱番館)
Raionzusuteeshonpuraza Oumihachiman Ichiban Kan (ライオンズステーションプラザ近江八幡壱番館) is a 37-year-old condominium located at Oumihachiman Shi Takagai Machi Minami 4 Choume 2-1 (近江八幡市鷹飼町南4丁目2-1), Shiga, Japan. Built in 1989, it comprises 79 units in a Reinforced Concrete (RC) structure. It was constructed by Hazamagumi (間組).
Pricing & Floor Plans
Based on 25 past listings, prices have ranged from 1,380〜2,298万円 (approx. $92,000–$153,200 USD at ¥150/$).
Unit sizes range from 69.8–86.8 sqm (751–934 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), 2LDK (2-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥25.5万/sqm (approx. $1,701/sqm or $158/sqft).
Location & Neighborhood
The property is located at Oumihachiman Shi Takagai Machi Minami 4 Choume 2-1 (近江八幡市鷹飼町南4丁目2-1), Shiga, Japan. It is a 5-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 37 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 79 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.
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