Overview of Raionzumanshon Kokusaitsuu Ri (ライオンズマンション国際通り)
Raionzumanshon Kokusaitsuu Ri (ライオンズマンション国際通り) is a 43-year-old condominium located at Naha Ichimatsu O 2 Choume 8-13 (那覇市松尾2丁目8-13), Okinawa, Japan. Built in 1983, it comprises 41 units in a Reinforced Concrete (RC) structure.
Pricing & Floor Plans
Based on 36 past listings, prices have ranged from 750〜3,380万円 (approx. $50,000–$225,333 USD at ¥150/$).
Unit sizes range from 30.8–78.1 sqm (332–841 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1LDK (1-bedroom w/ living-dining-kitchen), 1R (Studio), 2DK (2-bedroom w/ dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen), 3DK (3-bedroom w/ dining-kitchen).
Estimated price per sqm: ¥40.9万/sqm (approx. $2,727/sqm or $253/sqft).
Location & Neighborhood
The property is located at Naha Ichimatsu O 2 Choume 8-13 (那覇市松尾2丁目8-13), Okinawa, 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 43 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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