Overview of Sanraifu Kokuraminami (サンライフ小倉南)
Sanraifu Kokuraminami (サンライフ小倉南) is a 29-year-old condominium located at Kitakyuushuushi Kokuraminami Ku Tsuda Shinmachi 1 Choume 2-28 (北九州市小倉南区津田新町1丁目2-28), Fukuoka, Japan. Built in 1997, it comprises 77 units in a Reinforced Concrete (RC) structure.
Pricing & Floor Plans
Based on 48 past listings, prices have ranged from 730〜1,680万円 (approx. $48,667–$112,000 USD at ¥150/$).
Unit sizes range from 58.6–82.5 sqm (631–888 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3LDK (3-bedroom w/ living-dining-kitchen), 4DK (4-bedroom w/ dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥14.5万/sqm (approx. $966/sqm or $90/sqft).
Location & Neighborhood
The property is located at Kitakyuushuushi Kokuraminami Ku Tsuda Shinmachi 1 Choume 2-28 (北九州市小倉南区津田新町1丁目2-28), Fukuoka, Japan. It is a 3-minute walk to the nearest station. This is considered excellent station access in Japan, where most daily errands are done on foot or by train.
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 29 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 77 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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