Overview of Raionzusuteeshonpuraza Oumihachiman Ni Ban Kan (ライオンズステーションプラザ近江八幡弐番館)
Raionzusuteeshonpuraza Oumihachiman Ni Ban Kan (ライオンズステーションプラザ近江八幡弐番館) is a 37-year-old condominium located at Oumihachiman Shi Takagai Machi Minami 4 Choume 1-3 (近江八幡市鷹飼町南4丁目1-3), Shiga, Japan. Built in 1989, it comprises 126 units in a Reinforced Concrete (RC) structure. It was constructed by Hazamagumi (間組).
Pricing & Floor Plans
Based on 10 past listings, prices have ranged from 1,600〜3,380万円 (approx. $106,667–$225,333 USD at ¥150/$).
Unit sizes range from 73.0–128.6 sqm (786–1384 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3LDK (3-bedroom w/ living-dining-kitchen), 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 4LDK (4-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥25.8万/sqm (approx. $1,717/sqm or $160/sqft).
Location & Neighborhood
The property is located at Oumihachiman Shi Takagai Machi Minami 4 Choume 1-3 (近江八幡市鷹飼町南4丁目1-3), Shiga, Japan. It is a 4-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 37 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 126 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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