Overview of Raionzumanshon Matsusaka (ライオンズマンション松阪)
Raionzumanshon Matsusaka (ライオンズマンション松阪) is a 36-year-old condominium located at Matsusaka Shi Minatomachi 260 (松阪市湊町260), Mie, Japan. Built in 1990, it comprises 32 units in a Reinforced Concrete (RC) structure. It was constructed by Toda Kensetsu (戸田建設).
Pricing & Floor Plans
Based on 19 past listings, prices have ranged from 750〜1,980万円 (approx. $50,000–$132,000 USD at ¥150/$).
Unit sizes range from 64.1–86.6 sqm (690–932 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥27.7万/sqm (approx. $1,849/sqm or $172/sqft).
Location & Neighborhood
The property is located at Matsusaka Shi Minatomachi 260 (松阪市湊町260), Mie, Japan. It is a 10-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 36 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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