Overview of Riibesuto Koga (リーベスト古賀)
Riibesuto Koga (リーベスト古賀) is a 28-year-old condominium located at Koga Shi Ima No Shou 1 Choume 1-8 (古賀市今の庄1丁目1-8), Fukuoka, Japan. Built in 1998, it comprises 36 units in a Reinforced Concrete (RC) structure. It was constructed by Nishimatsu Kensetsu (西松建設).
Pricing & Floor Plans
Based on 21 past listings, prices have ranged from 1,480〜2,780万円 (approx. $98,667–$185,333 USD at ¥150/$).
Unit sizes range from 100.6–117.8 sqm (1083–1268 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 4SLDK (4-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥22.9万/sqm (approx. $1,529/sqm or $142/sqft).
Location & Neighborhood
The property is located at Koga Shi Ima No Shou 1 Choume 1-8 (古賀市今の庄1丁目1-8), Fukuoka, Japan. It is a 10-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 28 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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