Overview of Raionzumanshon Yao Daini (ライオンズマンション八尾第２)
Raionzumanshon Yao Daini (ライオンズマンション八尾第２) is a 35-year-old condominium located at Yaoshi Hikari Minamimachi 1 Choume 6-25 (八尾市光南町1丁目6-25), Osaka, Japan. Built in 1991, it comprises 31 units in a Reinforced Concrete (RC) structure. It was constructed by Matsumoto Kumi (松本組).
Pricing & Floor Plans
Based on 14 past listings, prices have ranged from 399〜1,380万円 (approx. $26,600–$92,000 USD at ¥150/$).
Unit sizes range from 38.2–45.5 sqm (411–490 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1LDK (1-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 1DK (1-bedroom w/ dining-kitchen).
Estimated price per sqm: ¥28.5万/sqm (approx. $1,901/sqm or $177/sqft).
Location & Neighborhood
The property is located at Yaoshi Hikari Minamimachi 1 Choume 6-25 (八尾市光南町1丁目6-25), Osaka, Japan. It is a 10-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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