Overview of Riibesuto Oohashi (リーベスト大橋)
Riibesuto Oohashi (リーベスト大橋) is a 24-year-old condominium located at Fukuokashi Minamiku Oohashi 2 Choume 4-1 (福岡市南区大橋2丁目4-1), Fukuoka, Japan. Built in 2002, it comprises 29 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Mitsuikensetsu (三井建設).
Pricing & Floor Plans
Price range: 情報なし.
Estimated price per sqm: ¥46.2万/sqm (approx. $3,081/sqm or $286/sqft).
Location & Neighborhood
The property is located at Fukuokashi Minamiku Oohashi 2 Choume 4-1 (福岡市南区大橋2丁目4-1), 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 24 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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