Overview of Raionzugaaden Hirakata (ライオンズガーデン枚方)
Raionzugaaden Hirakata (ライオンズガーデン枚方) is a 27-year-old condominium located at Hirakatashi Ike Yuki Miya 2 Choume 4-18 (枚方市池之宮2丁目4-18), Osaka, Japan. Built in 1999, it comprises 88 units in a Reinforced Concrete (RC) structure. It was constructed by Komatsu Kensetsu Kougyou , Ikeda Kensetsu (小松建設工業、 池田建設).
Pricing & Floor Plans
Based on 56 past listings, prices have ranged from 970〜2,580万円 (approx. $64,667–$172,000 USD at ¥150/$).
Unit sizes range from 62.4–220.0 sqm (672–2368 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3LDK (3-bedroom w/ living-dining-kitchen), 3SLDK (3-bedroom w/ living-dining-kitchen + service room), 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 4LDK (4-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥30.3万/sqm (approx. $2,019/sqm or $188/sqft).
Location & Neighborhood
The property is located at Hirakatashi Ike Yuki Miya 2 Choume 4-18 (枚方市池之宮2丁目4-18), Osaka, Japan. It is a 20-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 27 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 88 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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