Overview of Faanesuto Kuukou Higashi Ribaasaido (ファーネスト空港東リバーサイド)
Faanesuto Kuukou Higashi Ribaasaido (ファーネスト空港東リバーサイド) is a 23-year-old condominium located at Kasuya Gun Shime Machi Beppu 2 Choume 12-1 (糟屋郡志免町別府2丁目12-1), Fukuoka, Japan. Built in 2003, it comprises 69 units in a Reinforced Concrete (RC) structure. It was constructed by Toyosaka Kensetsu (豊栄建設).
Pricing & Floor Plans
Based on 22 past listings, prices have ranged from 1,580〜2,799万円 (approx. $105,333–$186,600 USD at ¥150/$).
Unit sizes range from 65.9–97.4 sqm (709–1048 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 4SLDK (4-bedroom w/ living-dining-kitchen + service room), 3SLDK (3-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen).
Location & Neighborhood
The property is located at Kasuya Gun Shime Machi Beppu 2 Choume 12-1 (糟屋郡志免町別府2丁目12-1), Fukuoka, 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 23 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.
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