Overview of San'ai Shiteiraifu Kashii (三愛シティライフ香椎)
San'ai Shiteiraifu Kashii (三愛シティライフ香椎) is a 32-year-old condominium located at Fukuokashi Higashiku Kashii 2 Choume 18-33 (福岡市東区香椎2丁目18-33), Fukuoka, Japan. Built in 1994, it comprises 139 units in a Reinforced Concrete (RC) structure. It was constructed by Magara Kensetsu (真柄建設).
Pricing & Floor Plans
Based on 44 past listings, prices have ranged from 900〜2,690万円 (approx. $60,000–$179,333 USD at ¥150/$).
Unit sizes range from 60.0–84.2 sqm (646–906 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 4DK (4-bedroom w/ dining-kitchen), 3SLDK (3-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥33.9万/sqm (approx. $2,257/sqm or $210/sqft).
Location & Neighborhood
The property is located at Fukuokashi Higashiku Kashii 2 Choume 18-33 (福岡市東区香椎2丁目18-33), Fukuoka, Japan. It is a 8-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 32 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 139 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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