Overview of Rivieerutaun Ni Shima (リヴィエールタウン二島)
Rivieerutaun Ni Shima (リヴィエールタウン二島) is a 43-year-old condominium located at Kitakyuushuushi Wakamatsuku Ni Shima 6 Choume 2-51 (北九州市若松区二島6丁目2-51), Fukuoka, Japan. Built in 1983, it comprises 60 units in a Reinforced Concrete (RC) structure. It was constructed by Fukuya Kensetsu (福屋建設).
Pricing & Floor Plans
Based on 23 past listings, prices have ranged from 290〜1,048万円 (approx. $19,333–$69,867 USD at ¥150/$).
Unit sizes range from 58.5–78.4 sqm (630–844 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3DK (3-bedroom w/ dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 4DK (4-bedroom w/ dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥8.8万/sqm (approx. $583/sqm or $54/sqft).
Location & Neighborhood
The property is located at Kitakyuushuushi Wakamatsuku Ni Shima 6 Choume 2-51 (北九州市若松区二島6丁目2-51), Fukuoka, Japan. It is a 13-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 43 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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