Overview of Sukaitaun Beppu (スカイタウン別府)
Sukaitaun Beppu (スカイタウン別府) is a 36-year-old condominium located at Beppu Shi Ishigaki Higashi 8 Choume 4-18 (別府市石垣東8丁目4-18), Oita, Japan. Built in 1990, it comprises 65 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Morisaki Kensetsu Kougyou (森崎建設工業).
Pricing & Floor Plans
Based on 52 past listings, prices have ranged from 570〜1,980万円 (approx. $38,000–$132,000 USD at ¥150/$).
Unit sizes range from 47.9–77.2 sqm (516–831 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 2DK (2-bedroom w/ dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen), 3DK (3-bedroom w/ dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥14.6万/sqm (approx. $975/sqm or $91/sqft).
Location & Neighborhood
The property is located at Beppu Shi Ishigaki Higashi 8 Choume 4-18 (別府市石垣東8丁目4-18), Oita, Japan. It is a 24-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 36 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 65 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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