Overview of Sanshain Meinohama (サンシャイン姪浜)
Sanshain Meinohama (サンシャイン姪浜) is a 42-year-old condominium located at Fukuokashi Nishiku Mei No Hama 5 Choume 22-34 (福岡市西区姪の浜5丁目22-34), Fukuoka, Japan. Built in 1984, it comprises 33 units in a Reinforced Concrete (RC) structure. It was constructed by Mitsubishi Kensetsu (三菱建設).
Pricing & Floor Plans
Price range: 情報なし.
Estimated price per sqm: ¥34.6万/sqm (approx. $2,310/sqm or $215/sqft).
Location & Neighborhood
The property is located at Fukuokashi Nishiku Mei No Hama 5 Choume 22-34 (福岡市西区姪の浜5丁目22-34), Fukuoka, Japan. It is a 7-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 42 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.
Analyze this property's fair price and negotiation room for free at RE:public.