Overview of Raionzumanshon Inage (ライオンズマンション稲毛)
Raionzumanshon Inage (ライオンズマンション稲毛) is a 37-year-old condominium located at Chibashi Inage Ku Inaokachou 5-21 (千葉市稲毛区稲丘町5-21), Chiba, Japan. Built in 1989, it comprises 55 units in a Reinforced Concrete (RC) structure. It was constructed by Shinnihon Kensetsu (新日本建設).
Pricing & Floor Plans
Based on 27 past listings, prices have ranged from 1,480〜2,550万円 (approx. $98,667–$170,000 USD at ¥150/$).
Unit sizes range from 65.5–99.9 sqm (705–1075 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1SLDK (1-bedroom w/ living-dining-kitchen + service room), 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 1LDK (1-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥24.8万/sqm (approx. $1,656/sqm or $154/sqft).
Location & Neighborhood
The property is located at Chibashi Inage Ku Inaokachou 5-21 (千葉市稲毛区稲丘町5-21), Chiba, 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.
Scale advantage: With 55 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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