Overview of Raionzumanshon Kure Nishinaka Ou (ライオンズマンション呉西中央)
Raionzumanshon Kure Nishinaka Ou (ライオンズマンション呉西中央) is a 34-year-old condominium located at Kureshi Nishinaka Ou 3 Choume 8-22 (呉市西中央3丁目8-22), Hiroshima, Japan. Built in 1992, it comprises 47 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Chizaki Kougyou (地崎工業).
Pricing & Floor Plans
Based on 9 past listings, prices have ranged from 1,580〜2,690万円 (approx. $105,333–$179,333 USD at ¥150/$).
Unit sizes range from 74.8–85.2 sqm (805–917 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥29.8万/sqm (approx. $1,988/sqm or $185/sqft).
Location & Neighborhood
The property is located at Kureshi Nishinaka Ou 3 Choume 8-22 (呉市西中央3丁目8-22), Hiroshima, 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 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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