Overview of Sanpaaku Okada Machi (サンパーク岡田町)
Sanpaaku Okada Machi (サンパーク岡田町) is a 27-year-old condominium located at Kitakyuushuushi Yahatanishi Ku Okada Machi 11-29 (北九州市八幡西区岡田町11-29), Fukuoka, Japan. Built in 1999, it comprises 53 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Morimoto Kumi Kyuushuu Shiten (森本組 九州支店).
Pricing & Floor Plans
Based on 47 past listings, prices have ranged from 1,250〜1,840万円 (approx. $83,333–$122,667 USD at ¥150/$).
Unit sizes range from 69.7–86.0 sqm (750–926 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3LDK (3-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥18.9万/sqm (approx. $1,261/sqm or $117/sqft).
Location & Neighborhood
The property is located at Kitakyuushuushi Yahatanishi Ku Okada Machi 11-29 (北九州市八幡西区岡田町11-29), Fukuoka, Japan. It is a 12-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 27 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 53 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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