Overview of Shinyou Manshon (信用マンション)
Shinyou Manshon (信用マンション) is a 45-year-old condominium located at Toyoshima Ku Nishiikebukuro 5 Choume 27-13 (豊島区西池袋5丁目27-13), Tokyo, Japan. Built in 1981, it comprises 25 units in a Reinforced Concrete (RC) structure. It was constructed by Taishin Kensetsu (大信建設).
Pricing & Floor Plans
Based on 22 past listings, prices have ranged from 730〜3,580万円 (approx. $48,667–$238,667 USD at ¥150/$).
Unit sizes range from 18.0–51.0 sqm (194–549 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1LDK (1-bedroom w/ living-dining-kitchen), 1K (1-bedroom w/ kitchen), 1R (Studio), 2DK (2-bedroom w/ dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥77.4万/sqm (approx. $5,157/sqm or $479/sqft).
Location & Neighborhood
The property is located at Toyoshima Ku Nishiikebukuro 5 Choume 27-13 (豊島区西池袋5丁目27-13), Tokyo, Japan. It is a 3-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 45 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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