Overview of Shiteiraifu Shita Dairi Minami (シティライフ下大利南)
Shiteiraifu Shita Dairi Minami (シティライフ下大利南) is a 31-year-old condominium located at Dazaifu Ichiyoshi Matsu 3 Choume 10-3 (太宰府市吉松3丁目10-3), Fukuoka, Japan. Built in 1995, it comprises 29 units in a Reinforced Concrete (RC) structure. It was constructed by Mitsuikensetsu , Takagi Koumuten (三井建設、 高木工務店).
Pricing & Floor Plans
Price range: 情報なし.
Estimated price per sqm: ¥27.6万/sqm (approx. $1,840/sqm or $171/sqft).
Location & Neighborhood
The property is located at Dazaifu Ichiyoshi Matsu 3 Choume 10-3 (太宰府市吉松3丁目10-3), Fukuoka, Japan. It is a 6-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 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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