Overview of Shiteimanshon Kuukou Higashi (シティマンション空港東)
Shiteimanshon Kuukou Higashi (シティマンション空港東) is a 36-year-old condominium located at Kasuya Gun Kasuya Machi Nakahara 2615-1 (糟屋郡粕屋町仲原2615-1), Fukuoka, Japan. Built in 1990, it comprises 49 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Daishou Kensetsu (大祥建設).
Pricing & Floor Plans
Based on 9 past listings, prices have ranged from 550〜1,880万円 (approx. $36,667–$125,333 USD at ¥150/$).
Unit sizes range from 56.3–75.8 sqm (606–816 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3DK (3-bedroom w/ dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥33.3万/sqm (approx. $2,221/sqm or $206/sqft).
Location & Neighborhood
The property is located at Kasuya Gun Kasuya Machi Nakahara 2615-1 (糟屋郡粕屋町仲原2615-1), Fukuoka, Japan. It is a 9-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 36 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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