Overview of Raionzumanshon Hira (ライオンズマンション比良)
Raionzumanshon Hira (ライオンズマンション比良) is a 34-year-old condominium located at Nagoyashi Nishiku Hira 1 Choume 194 (名古屋市西区比良1丁目194), Aichi, Japan. Built in 1992, it comprises 23 units in a Reinforced Concrete (RC) structure. It was constructed by Muranaka Kensetsu (村中建設).
Pricing & Floor Plans
Based on 54 past listings, prices have ranged from 790〜1,480万円 (approx. $52,667–$98,667 USD at ¥150/$).
Unit sizes range from 61.7–73.1 sqm (664–787 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4DK (4-bedroom w/ dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 3SLDK (3-bedroom w/ living-dining-kitchen + service room).
Estimated price per sqm: ¥17.3万/sqm (approx. $1,154/sqm or $107/sqft).
Location & Neighborhood
The property is located at Nagoyashi Nishiku Hira 1 Choume 194 (名古屋市西区比良1丁目194), Aichi, Japan. It is a 8-minute walk to the nearest station. This is considered good station access by Japanese standards.
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.
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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