Overview of Raionzuhiruzu Oobu Hiiragi Yama (ライオンズヒルズ大府柊山)
Raionzuhiruzu Oobu Hiiragi Yama (ライオンズヒルズ大府柊山) is a 29-year-old condominium located at Oobu Shi Hiiragi Yamachou 5 Choume 321 (大府市柊山町5丁目321), Aichi, Japan. Built in 1997, it comprises 35 units in a Reinforced Concrete (RC) structure. It was constructed by Taisei Purehabu (大成プレハブ).
Pricing & Floor Plans
Price range: 情報なし.
Estimated price per sqm: ¥26.7万/sqm (approx. $1,779/sqm or $165/sqft).
Location & Neighborhood
The property is located at Oobu Shi Hiiragi Yamachou 5 Choume 321 (大府市柊山町5丁目321), Aichi, Japan. It is a 18-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 29 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.