Overview of Raionzumanshon Suwa No (ライオンズマンション諏訪野)
Raionzumanshon Suwa No (ライオンズマンション諏訪野) is a 38-year-old condominium located at Kurumeshi Suwa Nomachi 1830-209 (久留米市諏訪野町1830-209), Fukuoka, Japan. Built in 1988, it comprises 50 units in a Reinforced Concrete (RC) structure. It was constructed by Maeda Kensetsu Kougyou , Kuriki Koumuten (前田建設工業、栗木工務店).
Pricing & Floor Plans
Based on 13 past listings, prices have ranged from 880〜2,100万円 (approx. $58,667–$140,000 USD at ¥150/$).
Unit sizes range from 64.1–113.2 sqm (690–1218 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: ¥23.0万/sqm (approx. $1,536/sqm or $143/sqft).
Location & Neighborhood
The property is located at Kurumeshi Suwa Nomachi 1830-209 (久留米市諏訪野町1830-209), Fukuoka, Japan. It is a 14-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 38 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 50 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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