Overview of Raionzumanshon Kurume Eki Higashi (ライオンズマンション久留米駅東)
Raionzumanshon Kurume Eki Higashi (ライオンズマンション久留米駅東) is a 36-year-old condominium located at Kurumeshi Toori Sotomachi 11-16 (久留米市通外町11-16), Fukuoka, Japan. Built in 1990, it comprises 53 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Arai Kumi (新井組).
Pricing & Floor Plans
Based on 37 past listings, prices have ranged from 370〜1,880万円 (approx. $24,667–$125,333 USD at ¥150/$).
Unit sizes range from 32.9–88.6 sqm (354–954 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1LDK (1-bedroom w/ living-dining-kitchen), 2DK (2-bedroom w/ dining-kitchen), 1DK (1-bedroom w/ dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥14.8万/sqm (approx. $988/sqm or $92/sqft).
Location & Neighborhood
The property is located at Kurumeshi Toori Sotomachi 11-16 (久留米市通外町11-16), Fukuoka, Japan. It is a 6-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 36 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 53 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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