Overview of Raionzumanshon Midorii (ライオンズマンション緑井)
Raionzumanshon Midorii (ライオンズマンション緑井) is a 35-year-old condominium located at Hiroshima Shi Asaminamiku Midorii 1 Choume 6-2 (広島市安佐南区緑井1丁目6-2), Hiroshima, Japan. Built in 1991, it comprises 20 units in a Reinforced Concrete (RC) structure. It was constructed by Chizaki Kougyou (地崎工業).
Pricing & Floor Plans
Price range: 情報なし.
Estimated price per sqm: ¥33.4万/sqm (approx. $2,229/sqm or $207/sqft).
Location & Neighborhood
The property is located at Hiroshima Shi Asaminamiku Midorii 1 Choume 6-2 (広島市安佐南区緑井1丁目6-2), Hiroshima, Japan. It is a 1-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 35 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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