Overview of Shiteiraifu Matsushima (シティライフ松島)
Shiteiraifu Matsushima (シティライフ松島) is a 25-year-old condominium located at Fukuokashi Higashiku Matsushima 4 Choume 1-9 (福岡市東区松島4丁目1-9), Fukuoka, Japan. Built in 2001, it comprises 46 units in a Reinforced Concrete (RC) structure. It was constructed by Daihoukensetsu (大豊建設).
Pricing & Floor Plans
Based on 15 past listings, prices have ranged from 1,580〜2,780万円 (approx. $105,333–$185,333 USD at ¥150/$).
Unit sizes range from 72.1–91.2 sqm (776–982 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3LDK (3-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen).
Location & Neighborhood
The property is located at Fukuokashi Higashiku Matsushima 4 Choume 1-9 (福岡市東区松島4丁目1-9), Fukuoka, Japan. It is a 18-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 25 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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