Overview of Raionzumanshon Gojou (ライオンズマンション五条)
Raionzumanshon Gojou (ライオンズマンション五条) is a 37-year-old condominium located at Dazaifu Shi Gojou 2 Choume 11-20 (太宰府市五条2丁目11-20), Fukuoka, Japan. Built in 1989, it comprises 33 units in a Reinforced Concrete (RC) structure. It was constructed by Asanuma Kumi (淺沼組).
Pricing & Floor Plans
Based on 18 past listings, prices have ranged from 850〜2,048万円 (approx. $56,667–$136,533 USD at ¥150/$).
Unit sizes range from 61.6–83.4 sqm (663–898 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥27.7万/sqm (approx. $1,846/sqm or $171/sqft).
Location & Neighborhood
The property is located at Dazaifu Shi Gojou 2 Choume 11-20 (太宰府市五条2丁目11-20), Fukuoka, Japan. It is a 4-minute walk to the nearest station. This is considered excellent station access in Japan, where most daily errands are done on foot or by train.
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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