Overview of Raionzumanshon Kumamoto Chuuou (ライオンズマンション熊本中央)
Raionzumanshon Kumamoto Chuuou (ライオンズマンション熊本中央) is a 35-year-old condominium located at Kumamotoshi Chuuouku Senba Machi 2 Choume 42 (熊本市中央区船場町2丁目42), Kumamoto, Japan. Built in 1991, it comprises 125 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Arai Kumi , Touken Setsu (新井組、 東建設).
Pricing & Floor Plans
Based on 112 past listings, prices have ranged from 240〜990万円 (approx. $16,000–$66,000 USD at ¥150/$).
Unit sizes range from 19.9–45.9 sqm (214–494 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1K (1-bedroom w/ kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 2DK (2-bedroom w/ dining-kitchen), 1R (Studio).
Estimated price per sqm: ¥17.3万/sqm (approx. $1,153/sqm or $107/sqft).
Location & Neighborhood
The property is located at Kumamotoshi Chuuouku Senba Machi 2 Choume 42 (熊本市中央区船場町2丁目42), Kumamoto, Japan. It is a 2-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 35 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 125 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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