Overview of Raionzumanshon Kashiiekihigashi (ライオンズマンション香椎駅東)
Raionzumanshon Kashiiekihigashi (ライオンズマンション香椎駅東) is a 37-year-old condominium located at Fukuokashi Higashiku Kashiiekihigashi 1 Choume 27-30 (福岡市東区香椎駅東1丁目27-30), Fukuoka, Japan. Built in 1989, it comprises 45 units in a Reinforced Concrete (RC) structure. It was constructed by Satou Kougyou (佐藤工業).
Pricing & Floor Plans
Based on 24 past listings, prices have ranged from 580〜2,098万円 (approx. $38,667–$139,867 USD at ¥150/$).
Unit sizes range from 30.2–86.5 sqm (325–931 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 1LDK (1-bedroom w/ living-dining-kitchen), 2DK (2-bedroom w/ dining-kitchen), 1DK (1-bedroom w/ dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥25.5万/sqm (approx. $1,698/sqm or $158/sqft).
Location & Neighborhood
The property is located at Fukuokashi Higashiku Kashiiekihigashi 1 Choume 27-30 (福岡市東区香椎駅東1丁目27-30), Fukuoka, Japan. It is a 12-minute walk to the nearest station. In Japan, station proximity significantly affects property values and daily convenience.
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 37 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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