Overview of Raionzumanshon Wakae Touichi Ban Kan (ライオンズマンション若江東壱番館)
Raionzumanshon Wakae Touichi Ban Kan (ライオンズマンション若江東壱番館) is a 34-year-old condominium located at Higashioosakashi Wakae Higashichou 2 Choume 7-1 (東大阪市若江東町2丁目7-1), Osaka, Japan. Built in 1992, it comprises 86 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Tekken Kensetsu , Morita Kensetsu , Satou Kougyou , Dai Matsu Kensetsu , Tada Kensetsu (鉄建建設、 モリタ建設、 佐藤工業、 大末建設、 多田建設).
Pricing & Floor Plans
Based on 24 past listings, prices have ranged from 1,000〜2,890万円 (approx. $66,667–$192,667 USD at ¥150/$).
Unit sizes range from 70.5–86.0 sqm (759–926 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1SLDK (1-bedroom w/ living-dining-kitchen + service room), 2LDK (2-bedroom w/ living-dining-kitchen), 3SLDK (3-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥22.9万/sqm (approx. $1,526/sqm or $142/sqft).
Location & Neighborhood
The property is located at Higashioosakashi Wakae Higashichou 2 Choume 7-1 (東大阪市若江東町2丁目7-1), Osaka, Japan. It is a 17-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 34 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 86 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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