Overview of Emerarudomanshon Ni Shima (エメラルドマンション二島)
Emerarudomanshon Ni Shima (エメラルドマンション二島) is a 35-year-old condominium located at Kitakyuushuushi Wakamatsuku Ni Shima 5 Choume 2-45 (北九州市若松区二島5丁目2-45), Fukuoka, Japan. Built in 1991, it comprises 27 units in a Reinforced Concrete (RC) structure. It was constructed by Kita Kensetsu , Kira Kougyou (喜多建設、 吉良工業).
Pricing & Floor Plans
Price range: 情報なし.
Estimated price per sqm: ¥16.1万/sqm (approx. $1,074/sqm or $100/sqft).
Location & Neighborhood
The property is located at Kitakyuushuushi Wakamatsuku Ni Shima 5 Choume 2-45 (北九州市若松区二島5丁目2-45), Fukuoka, Japan. It is a 10-minute walk to the nearest station. This is considered good station access by Japanese standards.
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 35 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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