Overview of Ribaasaido Bi Yoru Ko (リバーサイド美夜古)
Ribaasaido Bi Yoru Ko (リバーサイド美夜古) is a 43-year-old condominium located at Yukuhashi Shimon Hi Machi 9-10 (行橋市門樋町9-10), Fukuoka, Japan. Built in 1983, it comprises 28 units in a Reinforced Concrete (RC) structure.
Pricing & Floor Plans
Based on 13 past listings, prices have ranged from 180〜630万円 (approx. $12,000–$42,000 USD at ¥150/$).
Unit sizes range from 52.9–53.1 sqm (569–572 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1LDK (1-bedroom w/ living-dining-kitchen), 3DK (3-bedroom w/ dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥4.5万/sqm (approx. $303/sqm or $28/sqft).
Location & Neighborhood
The property is located at Yukuhashi Shimon Hi Machi 9-10 (行橋市門樋町9-10), Fukuoka, Japan. It is a 20-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.
Analyze this property's fair price and negotiation room for free at RE:public.