Overview of Shiteiraifu Shita Dairi Minami 2 (シティライフ下大利南２)
Shiteiraifu Shita Dairi Minami 2 (シティライフ下大利南２) is a 31-year-old condominium located at Dazaifu Shi Kou Sano 1 Choume 4-5 (太宰府市向佐野1丁目4-5), Fukuoka, Japan. Built in 1995, it comprises 48 units in a Reinforced Concrete (RC) structure. It was constructed by Magara Kensetsu (真柄建設).
Pricing & Floor Plans
Price range: 情報なし.
Estimated price per sqm: ¥26.4万/sqm (approx. $1,760/sqm or $164/sqft).
Location & Neighborhood
The property is located at Dazaifu Shi Kou Sano 1 Choume 4-5 (太宰府市向佐野1丁目4-5), Fukuoka, Japan. It is a 12-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 31 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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