Overview of Shiteio Koga (シティオ古賀)
Shiteio Koga (シティオ古賀) is a 33-year-old condominium located at Koga Shi Tenjin 1 Choume 4-26 (古賀市天神1丁目4-26), Fukuoka, Japan. Built in 1993, it comprises 50 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Takagi Koumuten (高木工務店).
Pricing & Floor Plans
Based on 24 past listings, prices have ranged from 830〜2,190万円 (approx. $55,333–$146,000 USD at ¥150/$).
Unit sizes range from 61.9–70.6 sqm (666–760 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥27.3万/sqm (approx. $1,821/sqm or $169/sqft).
Location & Neighborhood
The property is located at Koga Shi Tenjin 1 Choume 4-26 (古賀市天神1丁目4-26), 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 33 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.
Analyze this property's fair price and negotiation room for free at RE:public.