Overview of Raionzumanshon Shintomi Machi (ライオンズマンション新富町)
Raionzumanshon Shintomi Machi (ライオンズマンション新富町) is a 43-year-old condominium located at Chuuouku Minato 3 Choume 6-9 (中央区湊3丁目6-9), Tokyo, Japan. Built in 1983, it comprises 35 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Zenidaka Kumi (錢高組).
Pricing & Floor Plans
Based on 30 past listings, prices have ranged from 1,730〜6,990万円 (approx. $115,333–$466,000 USD at ¥150/$).
Unit sizes range from 29.4–53.0 sqm (316–570 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2K (2-bedroom w/ kitchen), 1LDK (1-bedroom w/ living-dining-kitchen), 2DK (2-bedroom w/ dining-kitchen), 1DK (1-bedroom w/ dining-kitchen), 3DK (3-bedroom w/ dining-kitchen).
Estimated price per sqm: ¥146.0万/sqm (approx. $9,733/sqm or $904/sqft).
Location & Neighborhood
The property is located at Chuuouku Minato 3 Choume 6-9 (中央区湊3丁目6-9), Tokyo, Japan. It is a 5-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 43 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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