Overview of Raionzumanshon Kasadera Kouen (ライオンズマンション笠寺公園)
Raionzumanshon Kasadera Kouen (ライオンズマンション笠寺公園) is a 40-year-old condominium located at Nagoyashi Minamiku Yayoichou 169-1 (名古屋市南区弥生町169-1), Aichi, Japan. Built in 1986, it comprises 35 units in a Reinforced Concrete (RC) structure. It was constructed by Takenakakoumuten (竹中工務店).
Pricing & Floor Plans
Based on 20 past listings, prices have ranged from 880〜1,800万円 (approx. $58,667–$120,000 USD at ¥150/$).
Unit sizes range from 60.4–78.7 sqm (650–847 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥22.7万/sqm (approx. $1,511/sqm or $140/sqft).
Location & Neighborhood
The property is located at Nagoyashi Minamiku Yayoichou 169-1 (名古屋市南区弥生町169-1), Aichi, 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 40 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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