Overview of Raionzumanshon Hazama Kouen (ライオンズマンション廻間公園)
Raionzumanshon Hazama Kouen (ライオンズマンション廻間公園) is a 40-year-old condominium located at Nagoyashi Meitou Ku Bunkyou Dai 2 Choume 409 (名古屋市名東区文教台2丁目409), Aichi, Japan. Built in 1986, it comprises 39 units in a Reinforced Concrete (RC) structure. It was constructed by Oota Kensetsu (オオタ建設).
Pricing & Floor Plans
Based on 17 past listings, prices have ranged from 1,090〜1,880万円 (approx. $72,667–$125,333 USD at ¥150/$).
Unit sizes range from 60.0–67.8 sqm (646–730 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2LDK (2-bedroom w/ living-dining-kitchen), 4DK (4-bedroom w/ dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥23.0万/sqm (approx. $1,536/sqm or $143/sqft).
Location & Neighborhood
The property is located at Nagoyashi Meitou Ku Bunkyou Dai 2 Choume 409 (名古屋市名東区文教台2丁目409), Aichi, Japan. It is a 15-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 40 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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