Overview of Raionzuhiruzu Shimonoseki C Tou (ライオンズヒルズ下関Ｃ棟)
Raionzuhiruzu Shimonoseki C Tou (ライオンズヒルズ下関Ｃ棟) is a 35-year-old condominium located at Shimonosekishi Joushin Chi Machi 5 Choume 1 (下関市上新地町5丁目1), Yamaguchi, Japan. Built in 1991, it comprises 135 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Magara Kensetsu (真柄建設).
Pricing & Floor Plans
Based on 61 past listings, prices have ranged from 400〜1,498万円 (approx. $26,667–$99,867 USD at ¥150/$).
Unit sizes range from 60.1–79.9 sqm (647–860 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3DK (3-bedroom w/ dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥15.7万/sqm (approx. $1,045/sqm or $97/sqft).
Location & Neighborhood
The property is located at Shimonosekishi Joushin Chi Machi 5 Choume 1 (下関市上新地町5丁目1), Yamaguchi, Japan. It is a 16-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 35 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 135 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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