Overview of Sanraifu Haramachi 5 (サンライフ原町５)
Sanraifu Haramachi 5 (サンライフ原町５) is a 33-year-old condominium located at Kitakyuushuushi Moji Ku Haramachi Betsuin 9-10 (北九州市門司区原町別院9-10), Fukuoka, Japan. Built in 1993, it comprises 35 units in a Reinforced Concrete (RC) structure. It was constructed by Fukuya Kensetsu (福屋建設).
Pricing & Floor Plans
Price range: 情報なし.
Estimated price per sqm: ¥15.6万/sqm (approx. $1,039/sqm or $96/sqft).
Location & Neighborhood
The property is located at Kitakyuushuushi Moji Ku Haramachi Betsuin 9-10 (北九州市門司区原町別院9-10), 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 33 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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