Overview of Sakaigawa Guriinmanshon (境川グリーンマンション)
Sakaigawa Guriinmanshon (境川グリーンマンション) is a 43-year-old condominium located at Kitakyuushuushi Kohata Ku Sakaigawa 2 Choume 16-13 (北九州市戸畑区境川2丁目16-13), Fukuoka, Japan. Built in 1983, it comprises 20 units in a Reinforced Concrete (RC) structure. It was constructed by Chuuwa Kensetsu Kougyou (中和建設工業).
Pricing & Floor Plans
Price range: 情報なし.
Estimated price per sqm: ¥8.2万/sqm (approx. $550/sqm or $51/sqft).
Location & Neighborhood
The property is located at Kitakyuushuushi Kohata Ku Sakaigawa 2 Choume 16-13 (北九州市戸畑区境川2丁目16-13), Fukuoka, Japan. It is a 1-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 43 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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