Overview of Raionzumanshon Yonago Higashichou (ライオンズマンション米子東町)
Raionzumanshon Yonago Higashichou (ライオンズマンション米子東町) is a 34-year-old condominium located at Yonago Shi Higashichou 141 (米子市東町141), Tottori, Japan. Built in 1992, it comprises 44 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Kanatsu Giken Kougyou (カナツ技建工業).
Pricing & Floor Plans
Based on 25 past listings, prices have ranged from 250〜1,990万円 (approx. $16,667–$132,667 USD at ¥150/$).
Unit sizes range from 20.6–93.5 sqm (222–1006 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1K (1-bedroom w/ kitchen), 1R (Studio), 3LDK (3-bedroom w/ living-dining-kitchen), 3DK (3-bedroom w/ dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥14.4万/sqm (approx. $961/sqm or $89/sqft).
Location & Neighborhood
The property is located at Yonago Shi Higashichou 141 (米子市東町141), Tottori, Japan. It is a 7-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 34 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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