Overview of Shiteiraifu Kuukou Higashi (シティライフ空港東)
Shiteiraifu Kuukou Higashi (シティライフ空港東) is a 31-year-old condominium located at Kasuya Gun Shime Machi Beppu 4 Choume 19-1 (糟屋郡志免町別府4丁目19-1), Fukuoka, Japan. Built in 1995, it comprises 55 units in a Reinforced Concrete (RC) structure. It was constructed by Magara Kensetsu (真柄建設).
Pricing & Floor Plans
Based on 12 past listings, prices have ranged from 1,050〜2,999万円 (approx. $70,000–$199,933 USD at ¥150/$).
Unit sizes range from 70.2–84.5 sqm (756–910 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: ¥34.2万/sqm (approx. $2,281/sqm or $212/sqft).
Location & Neighborhood
The property is located at Kasuya Gun Shime Machi Beppu 4 Choume 19-1 (糟屋郡志免町別府4丁目19-1), Fukuoka, Japan. It is a 19-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 31 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 55 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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