Overview of Raionzumanshon Hakodate Goryoukaku Kouen (ライオンズマンション函館五稜郭公園)
Raionzumanshon Hakodate Goryoukaku Kouen (ライオンズマンション函館五稜郭公園) is a 34-year-old condominium located at Hakodate Shi Hondoori 1 Choume 38-1 (函館市本通1丁目38-1), Hokkaido, Japan. Built in 1992, it comprises 69 units in a Reinforced Concrete (RC) structure. It was constructed by Goyoukensetsu , Taihei Juutaku (五洋建設、 太平住宅).
Pricing & Floor Plans
Based on 27 past listings, prices have ranged from 780〜2,100万円 (approx. $52,000–$140,000 USD at ¥150/$).
Unit sizes range from 47.8–95.3 sqm (515–1026 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1LDK (1-bedroom w/ living-dining-kitchen), 2DK (2-bedroom w/ dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥26.1万/sqm (approx. $1,741/sqm or $162/sqft).
Location & Neighborhood
The property is located at Hakodate Shi Hondoori 1 Choume 38-1 (函館市本通1丁目38-1), Hokkaido, Japan. It is a 17-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 34 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 69 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.
Analyze this property's fair price and negotiation room for free at RE:public.