Overview of Sanriyan Wajiro (サンリヤン和白)
Sanriyan Wajiro (サンリヤン和白) is a 27-year-old condominium located at Fukuokashi Higashiku Wajiro 5 Choume 1-20 , 23 , 28 , 40 , 42 , 50 (福岡市東区和白5丁目1-20、23、28、40、42、50), Fukuoka, Japan. Built in 1999, it comprises 34 units in a Reinforced Concrete (RC) structure. It was constructed by Nishitetsu Sangyou (西鉄産業).
Pricing & Floor Plans
Price range: 情報なし.
Estimated price per sqm: ¥31.2万/sqm (approx. $2,083/sqm or $193/sqft).
Location & Neighborhood
The property is located at Fukuokashi Higashiku Wajiro 5 Choume 1-20 , 23 , 28 , 40 , 42 , 50 (福岡市東区和白5丁目1-20、23、28、40、42、50), Fukuoka, Japan. It is a 3-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 27 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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