Overview of Gurandohaitsu Hamachou (グランドハイツ浜町)
Gurandohaitsu Hamachou (グランドハイツ浜町) is a 43-year-old condominium located at Kitakyuushuushi Wakamatsuku Hamachou 3 Choume 12-11 (北九州市若松区浜町3丁目12-11), Fukuoka, Japan. Built in 1983, it comprises 15 units in a Reinforced Concrete (RC) structure.
Pricing & Floor Plans
Price range: 情報なし.
Estimated price per sqm: ¥3.1万/sqm (approx. $207/sqm or $19/sqft).
Location & Neighborhood
The property is located at Kitakyuushuushi Wakamatsuku Hamachou 3 Choume 12-11 (北九州市若松区浜町3丁目12-11), Fukuoka, Japan. It is a 15-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.
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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