Overview of Raionzumanshon Oohori Paakusaido (ライオンズマンション大濠パークサイド)
Raionzumanshon Oohori Paakusaido (ライオンズマンション大濠パークサイド) is a 23-year-old condominium located at Fukuokashi Chuuouku Torigai 2 Choume 1-40 (福岡市中央区鳥飼2丁目1-40), Fukuoka, Japan. Built in 2003, it comprises 58 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Kashima Kensetsu , Ogushi Kensetsu (鹿島建設、 小串建設).
Pricing & Floor Plans
Based on 17 past listings, prices have ranged from 3,850〜11,800万円 (approx. $256,667–$786,667 USD at ¥150/$).
Unit sizes range from 96.8–121.1 sqm (1042–1304 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥99.8万/sqm (approx. $6,654/sqm or $618/sqft).
Location & Neighborhood
The property is located at Fukuokashi Chuuouku Torigai 2 Choume 1-40 (福岡市中央区鳥飼2丁目1-40), Fukuoka, Japan. It is a 10-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 23 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 58 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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