Overview of Gureisu Futsukaichi Ichiban Kan (グレイス二日市壱番館)
Gureisu Futsukaichi Ichiban Kan (グレイス二日市壱番館) is a 35-year-old condominium located at Dazaifu Shi Shujaku 2 Choume 5-41 (太宰府市朱雀2丁目5-41), Fukuoka, Japan. Built in 1991, it comprises 39 units in a Reinforced Concrete (RC) structure. It was constructed by Kyouwa Kensetsu (共和建設).
Pricing & Floor Plans
Based on 26 past listings, prices have ranged from 210〜360万円 (approx. $14,000–$24,000 USD at ¥150/$).
Unit sizes range from 19.8–22.8 sqm (213–245 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1K (1-bedroom w/ kitchen), 1R (Studio).
Estimated price per sqm: ¥12.3万/sqm (approx. $823/sqm or $76/sqft).
Location & Neighborhood
The property is located at Dazaifu Shi Shujaku 2 Choume 5-41 (太宰府市朱雀2丁目5-41), 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 35 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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