Overview of Rejidensu Renga Ya (レジデンス連歌屋)
Rejidensu Renga Ya (レジデンス連歌屋) is a 42-year-old condominium located at Dazaifu Shi Saifu 1 Choume 15-10 (太宰府市宰府1丁目15-10), Fukuoka, Japan. Built in 1984, it comprises 45 units in a Reinforced Concrete (RC) structure.
Pricing & Floor Plans
Based on 41 past listings, prices have ranged from 100〜460万円 (approx. $6,667–$30,667 USD at ¥150/$).
Unit sizes range from 19.8–43.7 sqm (213–470 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1K (1-bedroom w/ kitchen), 1R (Studio), 1DK (1-bedroom w/ dining-kitchen).
Estimated price per sqm: ¥11.3万/sqm (approx. $751/sqm or $70/sqft).
Location & Neighborhood
The property is located at Dazaifu Shi Saifu 1 Choume 15-10 (太宰府市宰府1丁目15-10), 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 42 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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