Overview of Higashinada Rekkusumanshon (東灘レックスマンション)
Higashinada Rekkusumanshon (東灘レックスマンション) is a 45-year-old condominium located at Koubeshi Higashinadaku Mori Minamimachi 2 Choume 1-5 (神戸市東灘区森南町2丁目1-5), Hyogo, Japan. Built in 1981, it comprises 19 units in a Reinforced Concrete (RC) structure. It was constructed by Hasegawakoumuten (長谷川工務店).
Pricing & Floor Plans
Based on 35 past listings, prices have ranged from 980〜3,980万円 (approx. $65,333–$265,333 USD at ¥150/$).
Unit sizes range from 49.8–113.4 sqm (536–1221 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1LDK (1-bedroom w/ living-dining-kitchen), 3K (3-bedroom w/ kitchen), 3LDK (3-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥38.6万/sqm (approx. $2,577/sqm or $239/sqft).
Location & Neighborhood
The property is located at Koubeshi Higashinadaku Mori Minamimachi 2 Choume 1-5 (神戸市東灘区森南町2丁目1-5), Hyogo, Japan. It is a 5-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.
Analyze this property's fair price and negotiation room for free at RE:public.