Overview of Shiteiraifu Sannou Kouen Minami (シティライフ山王公園南)
Shiteiraifu Sannou Kouen Minami (シティライフ山王公園南) is a 27-year-old condominium located at Fukuokashi Hakataku Handou Hashi 1 Choume 6-36 (福岡市博多区半道橋1丁目6-36), Fukuoka, Japan. Built in 1999, it comprises 60 units in a Reinforced Concrete (RC) structure. It was constructed by Kashima Kensetsu (鹿島建設).
Pricing & Floor Plans
Based on 18 past listings, prices have ranged from 1,690〜4,299万円 (approx. $112,667–$286,600 USD at ¥150/$).
Unit sizes range from 70.0–91.7 sqm (753–987 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 3SLDK (3-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥40.5万/sqm (approx. $2,701/sqm or $251/sqft).
Location & Neighborhood
The property is located at Fukuokashi Hakataku Handou Hashi 1 Choume 6-36 (福岡市博多区半道橋1丁目6-36), Fukuoka, Japan. It is a 15-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 60 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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