Overview of Raionzumanshonnyuushitei Nisshin No Oka Ichiban Kan (ライオンズマンションニューシティ日進の丘壱番館)
Raionzumanshonnyuushitei Nisshin No Oka Ichiban Kan (ライオンズマンションニューシティ日進の丘壱番館) is a 29-year-old condominium located at Nisshin Shi Sakae 3 Choume 1307 (日進市栄3丁目1307), Aichi, Japan. Built in 1997, it comprises 106 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Dai Matsu Kensetsu (大末建設).
Pricing & Floor Plans
Based on 22 past listings, prices have ranged from 1,480〜3,180万円 (approx. $98,667–$212,000 USD at ¥150/$).
Unit sizes range from 72.0–93.2 sqm (775–1003 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3LDK (3-bedroom w/ living-dining-kitchen), 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 4LDK (4-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥30.6万/sqm (approx. $2,041/sqm or $190/sqft).
Location & Neighborhood
The property is located at Nisshin Shi Sakae 3 Choume 1307 (日進市栄3丁目1307), Aichi, Japan. It is a 9-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 29 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 106 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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