Overview of Raionzumanshon Kuki Minami (ライオンズマンション久喜南)
Raionzumanshon Kuki Minami (ライオンズマンション久喜南) is a 37-year-old condominium located at Kuki Shi Minami 3 Choume 10-23 (久喜市南3丁目10-23), Saitama, Japan. Built in 1989, it comprises 44 units in a Reinforced Concrete (RC) structure. It was constructed by Dai Shin Kensetsu Kougyou , Chizaki Kougyou (大新建設工業、 地崎工業).
Pricing & Floor Plans
Based on 52 past listings, prices have ranged from 590〜1,880万円 (approx. $39,333–$125,333 USD at ¥150/$).
Unit sizes range from 41.3–68.9 sqm (445–742 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), 1LDK (1-bedroom w/ living-dining-kitchen), 2DK (2-bedroom w/ dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen), 3DK (3-bedroom w/ dining-kitchen).
Estimated price per sqm: ¥18.9万/sqm (approx. $1,259/sqm or $117/sqft).
Location & Neighborhood
The property is located at Kuki Shi Minami 3 Choume 10-23 (久喜市南3丁目10-23), Saitama, 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 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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